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.