Estate Planning Essentials Guide

Summary

Creating an estate plan typically involves making a will, setting up trust accounts to limit estate taxes, naming an executor, establishing durable power of attorney, and designating beneficiaries for retirement accounts and life insurance policies. Estate laws vary by state, so consulting with a New Jersey estate planning attorney is essential.

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i need an estate plan
Hello ****, creating an estate plan is a great idea. It usually includes:
- Making a Will
- Limiting estate taxes by setting up trust accounts
- Naming an executor of your estate
- Setting up durable power of attorney (POA) to direct other assets and investments
- Establishing beneficiaries for retirement accounts and life insurance policies
Remember, estate laws vary by state, so it's essential to consult with a New Jersey estate planning attorney.