Video Series · Basic Documents Explained
What is an estate plan?
An estate plan includes a will but also other documents protecting your family and property while you are alive but incapacitated. It guides your loved ones in handling your financial affairs and medical care.
An estate plan is a collection of documents that manage your personal and financial affairs in case of incapacitation or death.
Think of it as a personal business plan consisting of documents that take effect during your life (e.g., powers of attorney, health care directives, a revocable trust) and at your death (e.g., a last will and testament). It incorporates tax planning, legacy planning, and charitable giving, and reflects your life’s important relationships and causes.
At its core, it makes a clear plan for the disposition of assets at your passing.