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What is estate planning?

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What is estate planning?

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Estate planning is a process of putting your affairs in order. One of the key benefits of successful estate planning is that it yields a comprehensive analysis of your personal and family situation and your assets and provides for the distribution of your estate in a comprehensive manner. Successful estate planning can provide certainty and direction at a difficult time of transition. Estate planning allows you to protect yourself, your loved ones, and your assets, during your lifetime (including situations if you become incapacitated) and after your death. Estate planning also can help you to minimize the expense and taxation that can accompany the transfer of assets. Estate planning also covers the disposition of your remains and directions for anatomical gifts. The process involves the counsel of professional advisors who are familiar with your goals and concerns, your assets and how they are owned, and your family structure. It can involve the services of a variety of professionals

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