What is an Estate Plan?

This is a term often used but widely misunderstood. A good Estate Plan incorporates many elements as it represents the big picture encompassing family, work, goals, lifestyle, wealth, fears, health and many more influential factors. The formation of an Estate Plan starts with a frank and honest conversation exploring the aforementioned factors. Life is uncertain, and in many cases complicated, and as such an Estate plan is a reflection of your own personal circumstances.


With more wealth often comes the need for a more sophisticated approach, but this is driven by you, your needs, goals and plans in what is an increasingly uncertain world. Unplanned events such as accidents, and illness can throw plans into disarray, making it even more important to think about the unexpected and create contingency for it, for you and your loved ones. Here are the basic elements of an Estate Plan.