Effective estate planning is the proper structuring of your estate to best meet your personal, family, and charitable goals.
A sound estate plan starts with planning techniques to eliminate or minimize the estate tax, and to provide for the management of your estate. These techniques are combined with the proper documents, which are drafted by an estate planning attorney.
It has been said that the estate tax is a “voluntary” tax, and this is mainly true. Proper estate planning helps reduce and in some cases eliminate this tax, and also provides the liquidity your estate needs to pass your hard-earned wealth on to future generations.