wills and trusts are part of estate planning, it
encompasses much more than that.
A proper estate plan will ensure that you decide who will receive
your property and when they will receive it. A
can also minimize estate taxes. In 2006, estates over $2 million
are taxed federally and estates over $1 million dollars are taxed
Estate plans should plan not only for your death, but
should also provide for you in the event of your disability.
A durable power of attorney, health care
proxy, standby guardianship for minor children and a declaration
of homestead are also critical documents in the estate planning