Estate planning is a vital process that helps you develop tasks for managing your financial situation in the event of incapacitation or death. It can provide you with clarity over your assets, offer solutions for care during your disability, as well as identify who to transfer your wealth to. 

For most people, estate planning will:

• Give you more clarity 
• Provide a care plan for when you are disabled
• Document the transfer of wealth to whom you want and how you want

Estate Planning Tasks May Include 

• Making a will
• Setting up trusts
• Naming an executor
• Naming beneficiaries
• Deciding on charitable donations
• Setting up funeral arrangements
• Strategies to help limit taxes on the estate