Minimizing or avoiding inheritance taxes is an important objective of estate planning for many people. Estate planning may also anticipate the need for Medicaid or the purchase of long term insurance.
A will is usually an important part of any estate plan. For tax and other purposes, a living trust might be desirable.
Protective proceedings may be appropriate where a person suffers from Alzheimer’s disease or other form of dementia, or where a person suffers from a mental or physical illness or disability.