Estate planning involves taking steps to ensure a timely and orderly distribution or transfer of your estate assets to the next generation, charity etc. The goal is to minimize the impact of estate and income taxes on family wealth transfers. The estate planning strategies and documents might include trusts, wills, gifts, partnerships and many other wealth transfer and tax reduction techniques. Other estate planning issues might include proper beneficiary designations and account titling. In all cases, essential documents must be created or reviewed to make sure potential outcomes match your intentions and overall financial plan.