The material found on this site is for general information only. You should consult your attorney and qualified tax professional for advice on your particular situation. Concepts included on this site dealing with federal estate tax issues may not be the most acceptable or best option for your situation.
Effective estate planning means developing a plan that will achieve your goals as the estate owner while you’re alive and after your death. It’s an ongoing process that involves the creation, conservation, and distribution of property.
An estate plan can be as simple as having a will and life insurance, or it could use trusts, business continuation plans, charitable arrangements, and other elements.