Estate planning helps designate who gets your assets and handles your affairs after your die or are incapacitated here are 7 steps for estate planning. Understanding the basics of estate planning its important to have an estate plan you want to make sure the assets youve worked so hard to accumulate during your lifetime go to the people or organizations you care about estate planning. Estate planning basics although estate planning can be a complex task a well informed plan can make a big difference in what is left for your loved ones before you begin to take action on your estate plan its important to understand the key topics that may arise as you address your specific needs . Estate planning basics when people think of estate planning they tend to focus on the distribution of an individuals assets and other property when he or she passes away although thats certainly a component of estate planning theres much more that a person can do to ensure that his or her intentions and wishes are honored in the case of . Learn the basics of estate planning because if you dont plan for the distribution of your assets the state will take over that might not work out the way you want
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