Answer the following within a word limit of 200 words:
Q: What is estate planning and why do I need it (or not)? What elements are contained in an estate plan? Do I need an attorney to help me prepare an estate plan? What is a trust and how is it used? Can I use life insurance to help me fund a trust? Do I need a will? What could happen to my estate if I die without a will? Why is it that so few people do estate planning?