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Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death.
The process of creating a legal document that outlines how you want your assets to be distributed after you die. It's a key part of estate planning and can help ensure your wishes are carried out.
Legal process of officially documenting and recording the creation of a trust, where a designated individual (trustee) holds assets on behalf of beneficiaries, typically family members in a family trust or business stakeholders.
Winding up a deceased estate" refers to the legal process of settling all the affairs of a deceased person, which involves gathering their assets, paying off any outstanding debts, and distributing the remaining assets to the beneficiaries.
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