Estate planning is the process of organizing and managing your personal and financial affairs to ensure that your assets are distributed according to your wishes after your death, and to minimize potential taxes, legal fees, and disputes among heirs. The primary goal of estate planning is to provide a clear roadmap for the management and distribution of your assets, taking into consideration factors such as inheritance laws, taxes, and the financial needs of your family or other beneficiaries. A comprehensive estate plan typically includes a will, which outlines your wishes regarding the distribution of your assets, the appointment of an executor, and, if necessary, the guardianship of your minor children. It may also involve setting up trusts, designating beneficiaries for life insurance policies and retirement accounts, and creating legal documents such as durable powers of attorney and healthcare proxies to manage your affairs and make medical decisions on your behalf if you become incapacitated. Estate planning is an ongoing process that should be reviewed and updated periodically to reflect changes in your personal circumstances, financial situation, and applicable laws.