You are engaging in ________ when you plan for what happens to your accumulated wealth and your dependents after you die,as well as determining decision-making authority should you be physically or mentally impaired.

Question

Quizplus · Accepted Answer

Estate planning involves determining what happens to your assets and dependents after you die, as well as making plans for decision-making authority in case of physical or mental incapacity. Retirement planning, while also important, typically focuses on saving and investing for retirement income rather than estate planning concerns. Unified planning and death establishment are not recognized terms in financial planning.

You Are Engaging in ________ When You Plan for What