Estate Planning
An estate plan refers to the means by which your estate is preserved during your lifetime and distributed to your loved ones upon passing.
Why Is An Estate Plan Necessary?
Why Is An Estate Plan Necessary?
It is used to avoid the costly and time-consuming probate process, which is public in nature, requires statutory fees (the cost of probate is determined by the state of California), and can take anywhere from ten months to several years for your beneficiaries to receive their inheritance.
- Assists with planning for incapacity
- Allows you to plan for yourself and loved ones without giving up control of your assets
- Allows you to accomplish your dreams and goals for yourself, your family, and your assets
- Allows for you to plan while taking into account current and future concerns for your family members
- Reduces income, gift, estate, and generation skipping taxes
- Keeps affairs private
- Prevents family conflict
- Gives you the ability to make decisions of who will assist you and your loved ones in the event of an unexpected accident, diminished capacity, and eventual death
- Eases management of your financial and legal affairs during your incapacity and after your passing
- Provides loved ones with efficient and timely inheritance, as quickly as 120 days
- Gives you peace of mind that the assets you worked so hard to acquire will be distributed in accordance with your wishes