Estate planning is the process of arranging how your assets, property, and financial matters will be managed and distributed after your death or if you become incapacitated. It often includes creating a will, setting up trusts, naming beneficiaries, and assigning powers of attorney. Proper estate planning ensures that your wishes are carried out, minimizes family conflicts, and can reduce taxes and legal costs. Most importantly, it provides peace of mind by protecting loved ones and securing a smooth transfer of wealth.