Estate planning.

This isn’t a fun question to ask but it’s an important one. Planning for your estate is a critical step in ensuring your assets are distributed according to your wishes after you pass away. Here are some steps you can take to plan for your estate:

1. Create a will: A will outlines how your assets should be distributed after your death, appointing an executor and guardians for your children.
2. Consider a trust: A trust is a legal arrangement where assets are managed by a trustee for beneficiaries, serving various purposes like avoiding probate or providing for special needs.
3. Review your beneficiaries: Ensure beneficiaries on all accounts reflect your current wishes.
4. Consider tax implications: Consider tax implications when estate planning to understand the impact on your taxes.
5. Seek professional advice: Work with a trusted professional like an estate planning attorney or financial advisor to navigate the complex process and make informed decisions.

Bottom Line: Planning for your estate is a crucial step in ensuring that your assets are distributed in line with your wishes after you've passed away. It's essential to work with a trusted professional to guide you through the intricate process and help you make well-informed decisions.