No one wants to think about what happens after they are gone. However, when you have significant assets and/or family members who depend on your for support, planning for this event is essential. With a solid estate plan in place, you can rest assured that your loved ones will have what they need after you die, and you can feel confident that your assets will be distributed in accordance with your wishes.
About Estate Planning in California
Several basic estate planning tools are available to individuals living in California. These tools include:
- Wills – A will is a document that describes your wishes with regard to the distribution of your assets after death. This document may also name the individual you would like to oversee your estate during probate, as well as guardians for any minor children you may have.
- Trusts – Trusts are legal arrangements you can use to hold property for designated beneficiaries until after your death. Many people use trusts to avoid the probate process, as any property held in trust can pass directly to beneficiaries when the creator of the trust dies.
- Powers of Attorney – A power of attorney is a document that permits another individual to make important medical or financial decisions on your behalf if you are no longer able to do so.
Why Should I Hire an Attorney?
It is possible to create a will or utilize other estate planning tools without the help of an attorney. However, because of the complexity of California estate planning law, it is best to consult a qualified attorney before drafting an estate plan. By hiring an attorney, you can be sure that you fully understand how the estate plan will affect you and your loved ones, both before and after death. You can also make sure that your plan complies with California law so that it is less likely to be challenged or invalidated.
Contact Hannon Law Office
If you are interested in making an estate plan, you need an attorney you can trust. Barbara D. Hannon has many years of experience working with clients in California, and she can help you develop and implement an estate plan that works for you. Contact Hannon Law Office today to learn more or to schedule a consultation.