An Estate Plan includes several elements. Most common are a will, assignment of a power of attorney, and a living will.  Take an inventory of your assets.  This would include items such as investments, real estate, business interests, retirement savings, and insurance policies.  Determine who you want to inherit your assets, who you want handling your financial affairs if you are unable, and who do you want making medical decisions for you if you become unable to make them yourself.

There are several tools to help minimize the tax on your estate and to your heirs.  For some, a trust may be a great tool.  There are options for gift giving to individuals and charities.

Regardless of your net worth, make sure you have an estate plan in place.