Guarding against unforeseen financial shocks is crucial, and insurance is an essential tool for that purpose. Estate planning, on the other hand, guarantees the distribution of your assets as per your desires after your passing. It's important for couples to consider life, health, and property insurance, and they should also contemplate drafting wills and establishing trusts. While these aspects may seem intricate, they're integral for long-term financial security. Familiarizing oneself with these aspects is a part of financial literacy
, which plays a crucial role in ensuring sound financial decisions.