The property you own in your own name that can be transferred according to the terms of a will (or under intestate laws, if you have no valid wili) is your estate. By contrast, all property you own at the time of your death, including all property that might be subject to federal estate. taxes (for example, life insurance plans, jointly held property with rights of survivorship, and property passing under certain employee benefit plans, is your. estate). The Estate Planning Process The property you own in your own name that can be transferred according to the terms of a will (or under intestate laws, if you have no valid wil) is your estate. By e iroperty you own at the time of your death, including alf property that might be subject to federal estate taxes (for example, life Insu fointly held property with rights of survivorship, and property passing under certain employee benefit plans, is your est The Lstate Planning Process Identify the steps in the estate planning process: 3. 4. 5.. 6. The property you own in your own name that can be transferred according to the terms of a will (or under intestate laws, if you have no valid will) is your estate. By contrast, all property you own at the time of your death, including all property that might be subject to federal estate taxes (for example, life insurance plans, jointly held property with rights of survivorship, and property passing under certain employee benefit plans, is your estare). Identify the steps in the estate planning process: 1. 2. 3. 4. 5. 6. 7. The property you own in your own name that can be transferred according to the terms of a will (or under Intestate laws, if you have no valid will) is your estate. By contrast, all property you own at the time of your death, including all property that might be subject to federal estate taxes (for example, life insurance plans, jointly held property with rights of survivorshlp, and property passing under certain employee benefit plans, is your estate)