Estate planning has substantial potential monetary and psychological value for an elderly retired person, but not for a young bachelor or young married couple.

Question

Estate planning has substantial potential monetary and psychological value for an elderly retired person, but not for a young bachelor or young married couple. ​

Quizplus · Accepted Answer

Estate planning is important for individuals at any stage of life, including young bachelors or young married couples, as it helps in managing assets, designating beneficiaries, and ensuring financial security for loved ones in case of unexpected events.

Estate Planning Has Substantial Potential Monetary and Psychological Value for an Elderly