What is estate planning?
Estate planning is designing documents that typically are going to allow your assets to be used during your disability if you have a disability and the distribution of those assets at your death. It can involve documents that are typically used during your lifetime, like a durable power of attorney, a medical power of attorney, healthcare surrogate designation, living will. Then at your death, your trust and maybe a will. These documents, then, are designed to help during your lifetime address assets that you own and how they’re used and then at your death where they’re transferred to, whether by way of trust or directly to the person you’re trying to designate these assets to be transferred to.