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Estate planning is the process of arranging how your assets will be managed and distributed after your death, and how your financial and medical decisions will be made if you become incapacitated.
In Depth
Estate planning involves creating legal documents like wills, trusts, and powers of attorney. It ensures your wishes are followed, minimizes taxes, and provides for your loved ones. This process can help avoid disputes and simplify the transfer of assets, offering peace of mind for you and your family.
Example
Through careful estate planning, Sarah ensured her children would inherit her home and investments without lengthy court proceedings.