estate planning

American  

[i-stayt plan-ing] / ɪˈsteɪt ˈplæn ɪŋ /

noun

1. the process of deciding in advance how one's property and legal affairs should be handled after one dies or becomes incapacitated.

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Example Sentences

You could request to hold his power of attorney over his financial and medical affairs, and also help with his estate planning and/or call his bank and ask them to alert you to any unusual transactions, and carry out a deep clean of his house so you can excavate any cash piles.

From MarketWatch

“A revocable living trust is one of the most common types of trusts used in estate planning,” it adds.

From MarketWatch

They also lay out the logistics of planning for healthcare costs, estate planning and how to manage when competing financial—and personal—emergencies converge.

From The Wall Street Journal

Our parents did their estate planning years ago, with an even split between their four children.

From MarketWatch

There are many advantages, but also complications when it comes to retirement and estate planning.

From MarketWatch