There are a number of reasons why estate planning is important. It is basically about ensuring that the people you care for are protected and adequately provided for should anything happen to you and what legacy you want to leave to the world in the future. For most people this is about setting up the best possible future for their family although in some cases people also want to create a legacy for the world and society at large with many wills containing provisions for bequests to various charities.
Your intentions for the future are also the subject of a potentially complex legal environment and having professional advice can assist your estate to avoid the pitfalls that can come about when a will is activated. Part of the estate planning process is also about ensuring that adequate arrangements are in place for end of life care which may involve you or your senior family members. The most commonly drafted wills and estate planning documents are wills, powers of attorney, guardianships and advance care directives. These legal documents are designed to create an appropriate legal framework for estate planning and end of life care arrangements.