To initiate the estate planning process, follow these seven steps: Determine Your Goals: Clearly define your objectives, such as asset distribution, healthcare preferences, and minimizing taxes. Compile Financial Information: Gather details on assets, debts, and financial accounts. Choose Key Players: Select an executor, trustee, and power of attorney for finances and healthcare. Draft Essential Documents: Create a will, living will, and power of attorney documents, and consider trusts if needed. Consult an Attorney: Engage an experienced estate planning attorney for legal guidance and document drafting. Review and Update: Periodically revisit your plan to adapt to life changes, such as marriage, births, or financial shifts. Inform Loved Ones: Share your plan with family members and beneficiaries to ensure they understand your wishes. Starting the process with these steps can lay the foundation for a comprehensive estate plan.