Effective estate management allows individuals to handle their personal affairs during their lifetime and dictate the distribution of their assets posthumously. A well-crafted estate plan can clearly communicate your healthcare preferences and ensure they are followed, even if you become unable to voice them yourself. It also allows for the appointment of a financial representative if you become incapacitated. Estate planning is crucial and should not be delayed, as it involves strategies such as will creation, business succession planning, and digital asset management to safeguard your legacy.