The number of preparation endeavors that function to manage a person "s asset base in case of the incapacitation or death, for example, bequest of the resolution of estate taxes as well as assets to heirs. Most estate strategies are set up using the aid of an attorney. A few of the more significant estate planning jobs comprise: - Creating a will - Restricting estate taxes by setting up trust accounts - Creating a guard for living dependents - Naming an executor of the estate to manage the conditions of the will - Creating/updating beneficiaries on strategies including life insurance, IRAs and 401(k)s - Setting funeral arrangements up - Creating annual gifting to reduce the taxable estate - Setting up durable power of attorney (POA) to direct other assets and investments