Estate

Your estate includes all the property that you own at the time of your death. Through your will you can give away any property you own at the time of your death. There could be certain assets that you own that may pass outside of your will, by way of a beneficiary designation, such as your retirement plans, life insurance, bank accounts and living trust assets or property subject to a contract. You may also own property that will automatically pass to another individual regardless of your will.