What is Estate Planning ?

Estate planning is the process of anticipating and arranging for the disposal of an estate during a person’s life.  Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximise the value of the estate by reducing taxes and other expenses.  Guardians are often designated for minor children and beneficiaries in incapacity.  It overlaps to some degree with elder law, which additionally includes other provisions such as long-term care.