Estate planning is the process of planning for the disposal of property during life, at death, and after death in a manner that best carries out a person’s desires, while minimizing income, gift and death taxes. The following list contains common matters you need to arrange for, part of a comprehensive estate planning package.
5 STEPS TO PLANNING YOUR ESTATE
- Prepare a Will
- Write a Limited Power of Attorney (with Durable provision)
- Draw up a Durable Power of Attorney for Health Care
- Consider a Living Will
- Estate Financial and Tax Planning