Estate planning involves creating a comprehensive strategy to manage and distribute your assets after your passing. It's more than just writing a will; it's about crafting a detailed plan that addresses all aspects of your financial and personal legacy. This process can include setting up trusts, establishing healthcare directives, and designating guardians for minor children.
A well-thought-out plan helps minimize taxes, legal fees, and potential conflicts among family members. It ensures that your assets are distributed in a manner that reflects your wishes and protects the interests of your heirs. Whether you have a large estate or modest assets, having a plan in place is essential for everyone.
