What is an estate plan or estate planning and why is it important?
Estate planning is the process of organizing your legal and financial affairs to ensure that your assets are distributed according to your wishes after your death, and that someone you trust can manage your affairs if you become incapacitated.
A proper estate plan helps your loved ones avoid unnecessary court involvement and fees, may reduce taxes, protects minors or adult children who may need help managing their affairs, and gives you peace of mind knowing your family is properly taken care of.