Things You'll Need:
- Legal Advice
- Accountants
- Financial Manager
- Tax Services
- Estate Planning Software
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Step 1
Visit the library or various Web sites to study some general summaries on estate planning and settlement.
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Step 2
Talk to trusted friends and colleagues regarding attorneys and accountants specializing in estate planning and transferring wealth to succeeding generations.
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Step 3
Determine if you are best served by a will, a living trust or both.
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Step 4
Minimize probate costs through gifting strategies, living trusts, and insurance or annuity contracts, as appropriate.
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Step 5
Explore the possibility of qualifying for survivorship (also known as "second to die") life insurance held outside of the estate to pay for estate taxes.
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Step 6
Outline your estate plan in writing, and review it regularly with trusted professionals as tax laws are adjusted or changed.








