Estate planning is a process whereby a person begins to put there affairs in order so that their loved ones are protected in the event of their death or incapacity by implementing legal documents, such as last wills and testaments, power of attorney's, revocable or irrevocable trust and other documents as needed.
Each document or plan is unique and provides different strategies for managing your affairs upon your death or incapacity The implementation of any document or plan is dependent on each person needs and concerns, and should be carefully evaluated before executing, as there may be implications in choosing one plan over another.