ESTATE PLANNING
FINANCIAL SECURITY
FOR YOUR FAMILY
Without an estate plan, and more specifically a will, the laws in California will determine what happens to your possessions, and the courts will decide who takes custody of your children and/or what may happen to your beloved pets.
There are three main goals of estate planning. It provides (1) financial security for your family, (2) ensures that your property is preserved and passed on to your beneficiaries and/or disposed of according to your wishes and (3) avoids disputes among family members, business owners or with third parties (such as the IRS).
Estate planning is an umbrella term used to describe multiple different documents, including wills, trusts, healthcare directives, and/or powers of attorney. These different documents help outline your health care wishes, how you’d like your assets and possessions to be distributed and can even name who you’d like to care for your children, dependents and pets.
The reason an estate plan is so very important is that without it, your assets can wind up in legal limbo for YEARS. The courts were backed up before the Covid 19 crisis. Imagine what it’s like today as they catch up. This can put an unnecessary financial and emotional burden on your heirs and other family members who are left to deal with sorting out your finances and property.
Think of estate planning as a road map for making sure your wishes are carried out when you pass away or are otherwise unable to make decisions for yourself.
The importance of proactively planning, particularly concerning estate planning for continuing care, cannot be emphasized enough. Such foresight allows you to transition into your older years smoothly, safeguard the welfare of your family and friends, and guarantee that your legacy is maintained as per your intentions. Give me a call or email me to set up a 30 minute free confidential consult to discuss this sensitive but important action for your future.