Estate Planning is the process of structuring the future disposition of current and projected assets. Some of the major estate planning tasks include:

  • Creating a Last Will & Testament and designating a Personal Representative to oversee the terms of the Last Will & Testament
  • Creating a Trust and designating a Trustee to oversee the terms of the Trust
  • Limiting estate taxes by setting up trust accounts in the name of beneficiaries
  • Establishing a guardian for living dependents
  • Creating/updating beneficiaries on plans such as life insurance, IRAs and 401ks
  • Setting up funeral arrangements
  • Establishing annual gifting to reduce the taxable estate
  • Setting up Durable Powers Of Attorney (POA) to direct control over other assets and investments

Estate Planning with Attorney John E. O'Neill