Estate planning structures current and projected assets for future allocation and disposal. It eliminates the uncertainties over probate and maximizes the value of a families' or individual's estate. Having one helps reduce taxes and other expenses. Power & Limitations of Power of Attorney Documents The estate covers all the things a person owns - a car, home, another real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions, even pets. Estate planning includes a will, trusts, beneficiary names, powers of appointment, a person writing the will selects a person (agent) to distribute the property under the will. An estate