Personal Finance 1st Edition by Jack R. Kapoor

Exercise 6

1 If you needed information about estate planning, would you go to the library or the Internet? Why?

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2 Why is estate planning an important component of financial planning?

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3 Why is estate planning important for single as well as married individuals? For “new” lifestyle individuals?

Action Application Develop a list of specific, long-term, estate-planning goals with your family. Discuss how those goals could be achieved even if you or your spouse died unexpectedly.

Step 1 of 3

(1) Explain why you would go to the library or the internet for information needed about estate planning:

The answer will vary depending upon person to person. According to some people they might feel that they get more information from internet than from a library. In internet more updated news will be available than the information available in the library. Similarly immediately with in few seconds any kind of information can be obtained in internet and it is very easy to make comparison with other competitors. Thus, internet is a better mode than library according to some people. In same way some can justify why they prefer library information over internet.