A proper estate plan will ensure that you decide who will receive your property and when they will receive it. A proper plan can also minimize estate taxes. In 2006, estates over $2 million are taxed federally and estates over $1 million dollars are taxed in Massachusetts.

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 process.