Estate planning is a comprehensive and strategic process that involves making crucial decisions about the distribution of one's assets, wealth, and properties upon their passing. It encompasses the creation of legal documents, such as wills, trusts, and power of attorney, to ensure that an individual's wishes are carried out, taxes are minimized, and loved ones are financially protected. Effective estate planning also includes appointing guardians for minor children, designating beneficiaries for retirement accounts and life insurance policies, and addressing healthcare directives. By proactively engaging in estate planning, individuals can provide peace of mind for themselves and their heirs, ensuring a smooth and well-organized transition of their assets and affairs.