Estate planning is for people who want to be in charge of their assets during their lifetime and in control of who gets what and when after death, while paying as little as possible in taxes and preserving wealth. Estate planning is for everyone ages 18 thru 118. Estate planning is an important tool to prevent financial exploitation. An estate plan can include a revocable living trust, special needs trust, irrevocable trust, durable powers of attorney and last will and testament to control assets.