Estate planning involves preparing for the management and disposition of a person’s assets following death or incapacitation. One of the most common tools used in estate planning is a will. However, a trust may also be used to dispose of property to provide for beneficiaries. While a trust may be created in a will, it may also be created by the owner of property at any time. Estate and trust planning involves determining a person’s wishes, assessing if there are legal avenues to putting those in place and then developing a plan to best accomplish those goals. As part of estate planning, in addition to a drafting a will, trusts may be set up, guardians may be established for living dependents and a plan of gifts may be made. Taxes may play an important role in Estate and Trust Planning. In addition to these tasks, a power of attorney (“POA”) may be used to give someone the power to handle affairs if a person becomes incapacitated. “Living Wills” and “Advanced Directives” are also tools which allow a person to express his or her wishes in the event he or she is unable to do so as a result of an accident or illness, and to give someone the power to exercise choices on behalf of the incapacitated person.