Definitions for "Estate planning"
The area of law where one profitably manages his estate and passes his property to his loved ones with minimal dispute and expense when he dies. Estate planning can involve making wills, trusts, durable powers of attorney, or other documents.
Planning dispersal of the property and/or assets once a decision is made to retire, or outlining dispersal of the property and/or assets in a will.
Estate planning refers to the process of planning for what will happen to a person's property in the event of his or her death. Estate planning can be fairly simple and straightforward, or extremely complex, often requiring the services of an experienced attorney.