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

Avi Kestenbaum, an estate planning lawyer in Mineola, N.Y., has seen surviving spouses forced to borrow money from their children for daily expenses in such situations, despite having a large estate.

From The Wall Street Journal

Bad executors, greedy friends, bad estate planning, elder financial abuse and Medicaid concerns.

From MarketWatch

Payable-on-death avoids probate — a public, cumbersome and time-consuming process — and it simplifies your estate planning when the time comes; more than that, it’s private.

From MarketWatch

“This made tax results unfavorable for many investors,” says Jere Doyle, senior estate planning strategist at BNY Wealth.

From Barron's

Some employ just a handful of individuals to help with estate planning and investing, while others have dozens or hundreds of employees.

From The Wall Street Journal