Estate planning is done to assist in the financial safety and protection of your family. Who will take care of your affairs if you are incapacitated? Who will receive your assets upon your passing and how will they receive those assets? Who will take care of your minor children if something happens to you? These are all basic questions that are addressed in the planning process. There are many different methods used for estate planning, ranging from a basic will to a living trust to a family limited liability company.