Considering what will become of one’s property, assets and/or business interests after death is something not every California resident likes to do. In fact, some people don’t even like to broach such topics. Others understand how valuable the estate planning process can be to retain control over personal and business-related belongings.
Without a will, for instance, there’s no guarantee the person or people chosen by the probate court to inherit your assets will be the one/ones you would have chosen if you had executed a written plan. The probate process is often lengthy and stressful, and family members may become engaged in contentious battles if they happen to disagree with the court’s decisions. Designing a solid estate plan while you’re still of sound mind is one way of gaining peace of mind, since placing instructions in writing secures your own preferences.
On the other hand, not all aspects of estate planning are inheritance-related. Many estate owners add documents to their portfolios to designate one or more people to carry out certain duties and responsibilities in their names should they die or become incapacitated and unable to speak for themselves. One such designation involves naming legal guardians for children, while another focuses on granting a voice of authority so someone can make financial or medical decisions on your behalf.
By seeking clarification of California laws and acting alongside experienced guidance, you may be able to overcome any estate planning obstacle that arises. McCoy Fatula, APC, is fully equipped to handle all aspects of the process. Whether you’re brand new to the idea of planning an estate or need to update or change an existing plan, you may request a meeting with our experienced attorneys to address your particular situation.