What is Estate Planning?
Estate planning is the process of anticipating and arranging the management and disbursement of an individual's estate after death, while minimizing taxes as much as possible. It also includes planning for incapacity, as well as the process of reducing or eliminating uncertainties over the administration of probate, if applicable. The goal of estate planning can be determined by the specific goals of the client and may be as simple or complex as the client dictates. Guardians are often designated for minor children and beneficiaries in incapacity.
Source: https://en.wikipedia.org/wiki/Estate_planning
