Estate planning sounds a little intimidating. Most of us don’t consider that we have an “estate” – a large piece of land especially one with an elaborate house on it. But that is only one definition of the word. From a legal perspective “estate” means:

1. •property or possessions;
   

2. •interest, ownership, or property in land or other things.
   

An estate plan allows you to identify who you would like to carry out your wishes and care for any minor children; allows you to keep more of your money in the hands of your heirs and distribute your assets as you intended, including charitable gifts. In addition, your personal care preferences should also be included.

While a will is typically the cornerstone of any estate plan, there are other instruments that can be incorporated into your estate plan to allow you the best, most efficient way to disburse your assets. Through the estate planning process, you will consider various distribution methods, enhancing your ability to give to family, others and charities.