Estate planning is the process by which you create a plan for the management of your property and money after you have passed away. Almost always a Will is part of the estate planning process.

Some points to address are:

• Who should get my money and property when I’m gone?
• Is there enough money to provide for my family?
• Who will manage my estate?
• Are there tax-savings opportunities?
• Is there a problem of succession to control of a family business or farm?

Knowing the answers to these questions will allow for a smooth estate planning process. It would be in your best interest to contact a lawyer for legal advice for this process. The questions listed above are not all inclusive and everyone’s situation is different.

You want to get a plan that is tailored to your specific circumstance.