Planning for yourself and others while you are alive,and for current and former members of your household and other people or institutions upon your death,is designated:
A)Special circumstances planning
B)Retirement planning
C)Estate planning
D)Cash flow planning
E)Investment planning

Question

Quizplus · Accepted Answer

Estate planning is the process of preparing for the transfer of a person's assets and property after their death. It involves creating a will or trust, naming beneficiaries for retirement accounts and life insurance policies, and appointing someone to handle the distribution of assets. Estate planning also allows individuals to plan for the care of their dependents and to minimize taxes and other expenses. While retirement planning, cash flow planning, and investment planning are all important financial planning activities, they do not specifically address the transfer of assets and property after death. Special circumstances planning may be necessary for individuals with unique needs or concerns, but it is not as comprehensive as estate planning.

Planning for Yourself and Others While You Are Alive,and for Current