Inflation does many things to different asset classes. For example, inflation affects the money saved in the bank because
Will and testaments are legal documents that outline your wishes for how you and your assets should be handled or distributed in the case of your passing. It is sometimes referred to as Last Will.
Estate planning is having a say in the distribution of your wealth. So think about it as a contingency plan not only for your demise but also for instances where you probably can’t make decisions for yourself.