Estate planning is the process of organizing and managing your assets, such as property, money, and investments, to ensure they are distributed according to your wishes after your death. This often involves creating legal documents like a will or trust, which outline how your belongings should be handled and who will take care of any dependents. Additionally, estate planning can help minimize taxes and legal complications for your heirs. It may also include designating a power of attorney to make decisions on your behalf if you become unable to do so. Overall, effective estate planning provides peace of mind for you and your loved ones.