Your best friend won the state lottery and has offered to give you 500,000 in seven years, after he has made his first million.  You figure that if you had the money now, you could invest it at 10% annual interest.  What is the value today of your friend's future gift? answer in whole number figure w/ comma

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Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.