The process after you die: Estate planning is where you decide the process on how your estate will be distributed when you die and who would be incharge of your estate if you ever became unable to make decisions for your estate. By having this process thought out in advance this ensures that your wishes are followed, and that your estate is distributed to the people you want. Another advantage by estate planning is that this will be cost effective as it can prevent any unwanted claims by persons with an interest. If you die and you either don't have a Will or an updated Will this will make the process more costly as more claims will mean more administration time. The extra expense will be charged to the estate. This is also a stressful time for family and friends, give them a peace of mind by having planned this process.