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How is estate planning different from a will?
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Estate planning is a broader process that encompasses a will and other tools for planning for the future. It includes, but is not limited to, creating a will, organizing and safeguarding important financial and property documents, addressing potential legal issues, and providing instructions for managing property and assets, which includes the distribution of assets after death. It involves analyzing your current situation and then putting in place a plan that meets your current and future needs. A will, on the other hand, is a specific legal document that expresses a person's last wishes regarding how their property should be distributed when they die.