There are many misunderstandings about Estate Plans and who should have them. Many people think that an estate means a large tract of land and great wealth and extensive personal property that is very valuable, such as vintage antiques and collectibles. Although this can be true, estate does not mean the same to everyone. In a recent version of Websters Dictionary, there are three definitions for the word estate:
1) a condition or stage of life;
2) property; possessions; and
3) a large
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