What is estate planning?
Estate planning is the process to set up legal arrangements
that would meet your needs if you were to be disabled or
to die. Typically, these plans include a minimization of
tax impacts and minimize court involvement. They can include
the preparation of a revocable living trust, wills, community
property agreements, nomination of guardian, irrevocable
trusts and other documents necessary to prepare for death.
Preparation for disability may include durable powers of
attorney for management and for health care.
Bottom line, estate planning is protecting your family and
Do I need an attorney?
Is it expensive?
It is always wise to consult with an attorney on these matters.
I offer a FREE initial consultation that will
review what you need to do and what I recommend. Due to the
complexity of estate administration in California and the federal
estate tax law, this is not an area to enter uninformed. An
estate plan prepared by an attorney will offer you peace of
mind and a quality that is well worth it.
What is an estate?
An estate is anything you own or have rights to and may include
your home, bank accounts, retirement accounts, life insurance,
inheritable assets, etc.
Should I have an estate plan?
All adults should have an estate plan. It is particularly crucial
if you have children, own assets approaching $100,000, own
any real estate, have life insurance, have any health care
concerns, or are married. In short, it’s worth a free
consultation to see if you need one.