What Is Estate Planning?

Estate Planning is simply arranging for your and your family’s safekeeping throughout your life and after death. It includes creating various documents that explain your wishes concerning medical care, care of your children, and your assets. Estate planning can also involve making arrangements for long-term care, such as choosing a healthcare power of attorney to make medical decisions on your behalf if you are unable to do so. It can also involve making financial and tax-related decisions to minimize the impact of taxes and other expenses on your estate.