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Financial Preparedness in Your 20s & 30s

Bright Hearth

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Estate Planning and Financial Management

This chapter emphasizes the importance of estate planning, including creating wills, choosing guardians for minors, setting up durable powers of attorney, and establishing trusts for asset control posthumously. It discusses the advantages of trusts over probate in managing inheritances and privacy. Additionally, it touches on the significance of emergency funds, financial considerations for high-risk careers like pastoral ministry, and shares a vivid account of military training experiences involving powerful firearms.

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