
Estate Planning: The Key to Protecting Your Legacy
The Meaning of Estate Planning Estate planning involves the management of one’s assets, financial affairs, and personal matters both during their lifetime and after their passing. This includes creating a detailed plan that specifies how assets will be distributed, who will oversee affairs, and how healthcare decisions will be handled in case of incapacity. Contrary to common belief, estate planning is not just for the wealthy or those with complex estates; it is essential for anyone looking to ensure their desires are honored and their loved ones are taken care of. This process involves making critical decisions and documenting them in legally binding instruments like wills, trusts, powers of attorney, and healthcare directives. The Goals of Estate Planning Allocation of