About Us What is an Estate Plan? A person’s estate consists of all of their property, including personal items, bank accounts, real estate, stocks and securities, and other assets. When you die, an estate plan dictates how your property will be managed and distributed. While you may associate estate planning with the wealthy or the elderly, almost everyone can benefit from having a comprehensive estate plan in place. A well-developed estate plan can have many additional benefits. For instance, a clear plan can minimize your loved one’s tax burden and the need for probate court proceedings.