Tailoring A Solution To Meet Your Needs

What are your goals in the estate planning process?

On Behalf of | Dec 29, 2021 | Estate Planning

People in California approach estate planning from many different angles. For some, the most important part is to designate a guardian for minor children. For others, the distribution of their estate is the most crucial part of the process. And for others, minimizing tax exposure and simplifying the process for family members is the key. What are your goals in the estate planning process?

The answer to that question is likely to be the first step as you attempt to craft a comprehensive estate plan. Examining your motivations and needs can help you begin to visualize some of the concepts that will then be put into writing.

Addressing the basics

For most people, a will is the bedrock of an estate plan. This document allows the planner to designate how an estate should be distributed and, if applicable, to designate a guardian for any minor children. Many other specifics can be included in a will as well – the details will be unique to the planner. Power of attorney documents are commonly included in the basic building blocks of estate plans as well, which designate another person to make important health or financial decisions on the planner’s behalf in case of incapacity.

Each estate plan is different. At our law firm, we understand that many people in California really don’t know where to start when it comes to estate planning. Thinking about your goals in the process is a crucial first step. For more information about how we attempt to help our clients get a clear vision of their needs in this area of the law, please visit the estate planning overview section of our law firm’s website.

 

""