Estate planning is essentially family protection planning. A plan designed to protect your loved ones by ensuring they receive what you intended in the event of your death. It serves to protect you by laying out a plan in the event of your disability as well as death. A well designed estate passes the most assets to whom you intended while paying the least amount of taxes, creditors and legal fees.
Additionally a well crafted plan will be personalized to best serve your family and their needs. It can be as simple as a will and healthcare directive or something more complex involving trusts and other asset protection tools.