Most of us think that estate and tax planning is only for the super rich – but it isn’t. A huge number of us now posses a significant amount of assets – even just in our house – that could trigger all sorts of inheritance and tax issues. That’s where Estate planning comes in – it’s the process of planning ahead or disposing of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses i.e Guardians are often designated for minor children and beneficiaries in incapacity.