What is the primary focus of estate planning?

The primary focus of estate planning is determining how assets are distributed after death. This process involves creating a structured plan to ensure that an individual's assets are managed and transferred according to their wishes when they pass away. The goal is to minimize potential disputes among heirs and ensure that the distribution aligns with the person's intentions, often detailed in legal documents such as wills and trusts.

Additionally, estate planning may incorporate strategies to reduce or eliminate estate taxes, but the overarching objective remains the effective management and distribution of assets to beneficiaries. While aspects like investment growth and cash flow during retirement are important financial considerations, they do not directly address the core purpose of estate planning, which centers around the posthumous management and allocation of an individual's estate.