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estate planning is the process of arranging for the management and disposal of a persons assets after death there are several common estate planning documents that can help ensure that a persons wishes are carried out and that their assets are distributed in the way they intended these documents include will all is a legal document that specifies how a persons assets will be distributed after their death it also allows the appointment of an Executor to manage the estate and Guardians for minor children trust a trust is a legal arrangement in which assets are placed in the trust which is managed by a trustee for the benefit of one or more beneficiaries trusts can be used to manage assets minimize taxes and provide for children or other beneficiaries durable power of attorney this document gives someone the legal authority to manage a persons financial affairs if they become incapacitated Health Care power of attorney this document allows someone to make medical decisions on a perso