Estate planning is an essential part of financial management that everyone should consider, no matter their age or income level. Even young clients in their 40s, 30s, or 20s can benefit from a thorough estate plan. Estate planning is the process of planning for the management and distribution of your assets after you pass away. It can be a difficult topic to approach, but it is crucial for ensuring that your loved ones are taken care of, and your assets are distributed according to your wishes.