Estate planning

{
  "id": "MLC-T-LAW-001922",
  "term": "Estate planning",
  "field": "Law",
  "definition": "The process of arranging for the management and disposal of a person's assets during their lifetime and after their death. This involves creating legal documents such as wills, trusts, and powers of attorney to specify how property will be distributed and who will make decisions regarding healthcare and finances. The primary goal is to minimize taxes, avoid probate, and provide for beneficiaries according to the individual's wishes.",
  "url": "https://mlchart.com/terminology/law/estate-planning/"
}