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Estate planning is the process of arranging for the management and distribution of a person's assets and affairs after their death. This typically involves creating a plan that outlines how assets such as property, investments, and personal possessions will be distributed among heirs, as well as any instructions or provisions for the care of dependents or pets. Estate planning can also involve taking steps to minimize tax liabilities and ensuring that the wishes of the individual are carried out after their death. By engaging in estate planning, individuals can ensure that their assets are distributed according to their wishes and that their loved ones are provided for after they are gone.