Estate Planning in California
Many people do not have an estate plan in place. Preparing for death or incapacity is not something people like to think about. Although it is a difficult subject to think about, there are several questions you should ask yourself. Who will take care of my finances if I am unable to? Who will make my healthcare decisions if I cannot? Do they currently have the authority to make decisions on my behalf? What will happen to my assets after I pass away? Who do I want to give my things to? Who do I want to put in charge of that? These are just a few questions that you should be asking yourself. The Modesto estate planning lawyers at Arata, Swingle, Van Egmond & Goodwin are prepared to assist you in developing an estate plan that suits your needs.
What is Estate Planning?
Generally, estate planning is a process that an individual goes through when planning for death or incapacity. The individual determines who will make certain medical and financial decisions on their behalf and then grants them the legal authority to make those decisions. The individual also decides what will happen to their assets after they become incapacitated or pass away. There are several benefits to creating an estate plan including possible tax benefits, privacy, and peace of mind knowing that decisions will be made based on your intentions. Estate plans differ so it is important that you speak with our Modesto estate planning lawyers that is familiar with current law surrounding trusts and estates.
What Legal Documents Does an Estate Plan Consist Of?
The legal documents in an estate plan vary depending on the preferences and intentions of the individual creating the estate plan. The following is a list of some of the documents that may be included in an estate plan:
- Revocable Living Trust
- Last Will and Testament
- Pour Over Will
- Durable Power of Attorney
- Living Will
- Advance Health Care Directive
- HIPAA Authorization
Our Firm’s Estate Planning Practice
Our Modesto estate planning lawyers have knowledgeable and practical experience drafting estate plans. Our lawyers keep current on the law surrounding estate planning and related tax law. One of our experienced and knowledgeable Modesto estate planning lawyers will work one to one with you to create an estate plan that addresses your concerns and parallels your intentions.