While all that one owns at the instant of death essentially defines an estate, it begins forming as soon as an individual assumes ownership of property. An estate may remain viable even after the owner's death, as long as property interests are retained in trust.

The life of an individual's estate generally falls into three phases, each of which has its own planning needs and opportunities:

1. The Accumulation Phase
2. The Conservation Phase
3. The Distribution Phase

There are planning opportunities and needs in every stage.

Copyright ONFS. Taken from ESTATEPLANNING PowerPoint Presentation, downloadable through ON-Net.

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