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Rick and Rich explore the difference between “Estate Planning” and “Dynasty Planning.” Traditional Estate Planning is focused on the financial consequences of death. Effective Estate Planning can prevent or minimize a number of unpleasant consequences such as probate, litigation and certain taxes. An Estate Plan typically ends at the immediate aftermath of passing. Dynasty Planning, on the other hand, looks farther down the road by making long term preparations for your family to have a positive relationship with wealth. It requires leadership and a value based perspective. It is giving
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