We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Is the Relationship between Estate Planning and Wills?

Esther Ejim
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

The relationship between estate planning and wills is related to the importance of proper wills in the process of sorting the estate of a deceased individual.This connection between estate planning and wills can be seen in the inconvenience in an application of estate planning when an individual dies without any will, known as intestate. A will is important because it specifically states the exact manner in which the estate will be divided, including a clear list of who will be the beneficiaries of the estate, or heirs. As such, dying in the absence of a proper will only leaves one option open to the administrators of the estate, usually the representatives of the state who will apply any applicable state law toward the distribution of assets.

One of the links between estate planning and wills is the fact that the beneficiaries, along with who gets what is clearly stated. Some people might decide to leave their estate to a philanthropic organization, such as a society that is dedicated to the preservation of historic symbols. In such a case, the application of the will toward estate planning is the fact that it allows the wishes of the deceased to be implemented, as opposed to the laws of the land. Usually, the law establishes the beneficiaries of the estate of a person who died without a will according to varying degrees of the relationship of surviving descendants to the person, starting from the closest relative.

Another application of the relationship between estate planning and wills is derived from the fact that it allows the owner of the estate to make concrete plans for any minor dependents or any mentality incapable dependents in terms of the appointment of a guardian to administer the estate on behalf of such a person until a stated period. The value of this type of foresight is the fact that it gives the owner of the estate the choice to select a guardian of his or her choice rather than for the court to assume the responsibility of appointing someone of its choosing. Most times, when this sort of situation occurs, some close relatives will present themselves as candidates for the position of guardians for the minors or mentality incapable dependents. If these people are not the sort of people the owner of the estate would have chosen, he or she would have forfeited the right to choose a person by dying without a will.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Esther Ejim
By Esther Ejim
Esther Ejim, a visionary leader and humanitarian, uses her writing to promote positive change. As the founder and executive director of a charitable organization, she actively encourages the well-being of vulnerable populations through her compelling storytelling. Esther's writing draws from her diverse leadership roles, business experiences, and educational background, helping her to create impactful content.
Discussion Comments
Esther Ejim
Esther Ejim
Esther Ejim, a visionary leader and humanitarian, uses her writing to promote positive change. As the founder and...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.