Estate planning is the act of preparing how you will bequeath your property and assets to your loved ones after your death. Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. Here are the two main reasons why people put together an estate plan to protect their beneficiaries, To protect minor beneficiaries, or to protect adult beneficiaries from bad decisions, outside influences, creditor problems, and divorcing spouses.
