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What Is an Estate Plan? What’s Included?

Authored by:

Dave Schleiffarth

David has been practicing law since 2019 provides guidance and unique solutions to cusomers with their Estate Planning, Wills, Trusts, Speciall Needs Planning and Business Formation.

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Estate Planning provides legal tools to better control the circumstances of life and prepare for the future. Learn more about the types of legal documents that are included.

What is an estate plan?

An estate plan is a coordinated set of legal documents that allow you to manage your life and property as you see fit.

This process empowers you to care for loved ones, make health care and financial decisions, control the distribution of property after death, and minimize unnecessary expenses and taxes.

Estate planning is customized to your goals and preferences. However, most comprehensive estate plans include certain vital documents:

1. Will-based Estate Plan

Documents typically include:

-Will

-Financial Power of Attorney

-Health Care Power of Attorney

-Advance Health Care Directive

2. Trust-based Estate Plan

Documents typically include:

-Pour Over Will

-Trust (most frequently a Revocable Living Trust)

-Financial Power of Attorney

-Health Care Power of Attorney

-Advance Health Care Directive