How Does an Estate Plan Protect Family? An estate plan is one of the most important things you can do to protect your family in the future. No matter your age, your net worth, or your health status, an estate plan is the most loving thing you can do for your family members. Estate plans allow you to choose who will care for your minor children in the event of your death, as well as who will inherit your assets. You are also able to pass your assets to your loved ones in a way that minimizes tax burdens. Among families who could potentially engage in conflict after your death, estate planning significantly minimizes such conflict, as well as ugly legal battles.