Estate planning involves determining how a person’s belongings and assets will be managed, preserved, and distributed to those that they want in the event of their death or incapacity. Assets could include all sorts of personal property, including money, cars, houses, works of art, insurance benefits, and even pensions. There are many reasons an individual would take part in estate planning, but the common reasons are to preserve the wealth of their family and to provide for their spouses, children,…