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

Laws vary by country, and estate planning is no exception.

From MarketWatch

“By understanding U.S. tax obligations, implementing robust estate planning, and maintaining legal compliance abroad, retirees can focus on the rewarding experiences of life overseas rather than worrying about potential pitfalls.”

From MarketWatch

Is there a way to protect my access to her house in estate planning, especially because so many in the family opposes her remaining in her house with services?

From MarketWatch

Estate planning for solo agers is crucial, because they generally don’t have family members who are ready to step in to help make medical or financial decisions for them as they get older, if necessary, or to manage their estates after they die.

From MarketWatch

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