Estate Plan
/ˈɛsteɪt plæn/
Definitions
- (n.) A comprehensive arrangement of documents and strategies to manage and distribute an individual's assets during life and after death.
She consulted an attorney to create an estate plan that included a will and a trust.
Forms
- estate plans
Related terms
See also
Commentary
An estate plan typically involves multiple legal instruments and should be tailored to the individual's assets and family situation to ensure proper asset transfer and minimize taxes and disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.