Estate planning is the process of creating a plan for the distribution of your assets after you pass away or become incapacitated. This plan typically includes preparing legal documents such as wills, trusts, powers of attorney, and advanced healthcare directives. The purpose of estate planning is to ensure that your assets are distributed according to your wishes and that your loved ones are taken care of in the event of your death or incapacity. Additionally, estate planning can also help you minimize estate taxes, avoid probate, and protect your assets from creditors or other potential threats. It is important to consult with an experienced estate planning attorney to create a customized estate plan that meets your unique needs and goals.
WHAT IS PROBATE?
