

Estate planning is the planning process, in anticipation of death, for the orderly distribution of an individual’s property to his or her designated beneficiaries. Comprehensive estate planning goes beyond mere preparation of a will, and can also involve financial, medical, business, and tax planning. Estate law governs wills, probate and other matters relevant to property distribution upon death. In this context, an estate is all property of an individual prior to distribution through a trust, will or intestacy. ‘Property’ includes both real and personal property. Real property refers to land and other structures permanently attached to land, such as buildings and fixtures. All other property is considered personal property, such as bank accounts, stock holdings, life insurance policies, furniture, and vehicles. Estate laws vary by jurisdiction.
Estate planning is an important process that many individuals fail to think about until it’s too late if they think about it at all. Estate planning involves those people that are most important to you like your family and business partners as well as causes that are near and dear to you such as charitable organi..