Estate planning might sound like something only the wealthy need, but in reality, it’s essential for everyone—regardless of age or income. It’s about protecting your assets, your loved ones, and your wishes for the future. Let’s break down the basics to help you understand what estate planning really involves and why you shouldn’t delay it.
What is Estate Planning?
Estate planning is the process of arranging how your assets—such as property, investments, savings, and even personal belongings—will be managed and distributed after your death. It also includes making decisions about your health care and financial matters if you become unable to handle them yourself.