Estate Planning is part of life planning. This is the period when you create a strategy ahead of time on one's possible demise leaving behind a legacy that could has bear fruit and will be picked up by the loved ones (heirs) of the estate.
What is an Estate?
An estate may composed of land (lot with improvements such as buildings, homes, farm, etc), personal belongings (e.g.s. jewelries, fine arts, cars or antiques) or possessions with financial or monetary value such as money deposited on bank,s stocks from listed companies or shares from non-listed companies or corporations the decedent owns when they were still alive.