You worked hard to accumulate your property and you probably have preferences about the type of legacy you wish to pass on. It requires a plan for the distribution of your assets upon death. A special effort is needed to contemplate your distribution plan; such as the needs of the various heirs or potential beneficiaries, if there is a particular special need of any sort and what, if anything, you wish to do about it and again most importantly, what you wish to accomplish.
Additionally, an estate plan ought to provide for your needs while you are living. Consideration ought to be given to your state of health, whether or not long term care will be needed and which individual friends or relatives should be trusted with the all too important duties of Attorney-in-Fact and Trustee that surround your healthcare, the support and maintenance of your person, and the management of your estate, especially the everyday payment of bills, costs and expenses.
Lastly, which friend, relative, or beneficiary shall be named your Personal Representative or Successor Trustee to see that your estate is distributed according to your wishes upon your death and if a Conservatorship is necessary, who do you nominate to serve as Conservator of your person and estate during the remainder of your life.