What is an Estate Planning?

what is an estate planning

what is an estate planningWhat is an Estate Planning?

First, you need to know that you have an estate.  Your estate is everything you own individually or with others.  Your house, car, phone, jewelry, clothes, and everything else you own is your estate.

An Estate Planning is the process of arranging for the protection and management of your estate and personal affairs in case of incapacity then for the orderly distribution later.  It is more than just deciding who gets what.

Estate planning includes implementing legal paperwork that protects you, your family, and your property – in that order.

Protect You

Don’t let a Judge decide who is in charge.

With durable powers of attorney and a revocable living trust you are deciding now who will manage for you later if you can’t. You decide how much power they get.  You decide who manages what.  You don’t have to name the same people to manage medical choices and financial affairs.

During periods of incapacity, you know who will be there to back you up and take care of you the way you want.  You don’t have to rely on a faceless Judge to make the decisions.

Protect Your Family

Keep your family out of court.

During any period of incapacity, keep your family out of probate court looking to get permission to manage for you.

Make sure they get their inheritance without adding the hassles of probate court to an already difficult time.

Protect Your Property

The combination of a revocable living trust and a durable power of attorney makes sure that who you want protects and manages your property (money, land, house, cars, and more) during any period of incapacity.

See Also


External Links


https://www.estateplanning.com/What-is-Estate-Planning/