1. Estate Planning is defined as "The process of managing and administrating the assets of an individual through the accumulation, conservation and distribution phase of his life in the most effective and efficient manner feasible." By effective, we mean the degree the wishes of the estate owner are attained through the process of estate planning. And by efficient, it means those wishes can be attained at the lowest cost feasible. a Explain FOUR (4) purposes of having effective and efficient estate planning (8 marks) bExplain FOUR (4) characteristics of Power of Attorney (POA). (8 marks) Specify FOUR (4) reasons for POA revocation. (4 marks)