“Estate planning” is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if “some-thing happens” to you or those you care about.
Good estate planning is more than “just a simple Will”. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed.
On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a pension plan), and other property in the event you became disabled or if you die.
On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you ever are unable to give the directions yourself, someone you select would do that for you.