Your estate consists of your property. An estate plan is your directive for managing your estate while you are alive and after you die. A thoughtful estate plan includes more than a will. It also addresses your plans for retirement, disability, and other contingencies through living wills, healthcare powers of attorney, and other documents.
Few people like to contemplate their own death or disability.
However, failure to implement an estate plan represents the ultimate loss of control over your affairs. Too many people die unexpectedly, leaving behind children who need care and direction, or a spouse who needs assistance with financial affairs. You can provide for your loved ones, and ease your conscience through estate planning.