Handstands are like push ups. They are the ultimate total body exercise. They recruit so many muscles in the lower and upper body and require balance. The need to balance is what offers the body a very special challenge. I think handstands should be on every woman's top ten exercise list. It will empower you. I realize that power lifting will as well, but I believe you are ultimately responsible for your body weight first, before anything.
Body weight exercises are the indisputable functional fitness movements. Granted it is difficult to move into handstands if you can not do push ups yet. But they are a great goal beyond push ups.
Hand stands can be done with a spot and I recommend that you use a wall, mat and spotter at first. I have broken it down into 4 steps below. One of my favorite exercises is just repeating step 1 and 2 in the photos. These plyometric handstand jumps are an amazing exercise. Your upper body and abs will feel it the next day. If you take any intermediate level yoga, you should be familiar with these mini hand stand pop ups.
TIP: First practice placing your hands firmly on the ground and spreading your fingers apart so you have the largest amount of surface area for your body to balance upon. Get used to doing this before lifting your weight up off the ground. This will also strengthen your wrist and hands.