An estate plan has several elements. They may include: a will; assignment of power of attorney; and a living will or health-care proxy otherwise known as a medical power of attorney.
The following link discusses what estate planning is.
Do I need a will?
A will tells the world exactly how you want your assets distributed when you die. It's also the best place to name guardians for your children. For more information on the importance of having a will, click the links below.