Estate planning in simple terms is the activity of managing or arranging one’s assets in prior to their death or incapacitation. Estate Planning is very important as our death is unexpected and can happen at any time. In the event of your death, the planning you have done when alive becomes the most important document. If you fail in investing your time to prepare a proper estate plan, the assets which you own may be distributed according to the laws. So, it is always best to infuse your time to create the best estate planning.