What is your estate?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 estate$).$The Estate Planning ProcessIdentify the steps in the estate planning process:$1.2.3.4.5.6.7.$