Many people in California avoid the topic of their own mortality. Others view death as an inevitable part of life, and therefore want to be as prepared as possible. Especially if someone plans to pass on a family business, or wishes certain items of sentimental value to be given to a particular loved one or friend, it may be wise to consider estate planning as a valuable tool for documenting one’s wishes regarding future asset distribution.
An estate plan isn’t just about writing a will. Rather, it’s usually a collection of documents that address a wide variety of issues. For instance, if you feel strongly that you do not want specified medical intervention in a life or death situation, you can document your wishes by executing an advanced medical directive.
You can also designate someone to act on your behalf in financial matters should you become incapacitated and unable to make such decisions. The estate planning process is highly customizable and able to be designed according to your goals. Naming beneficiaries to inherit assets is a staple component of most estate plans.
The Newman Law Group is dedicated to helping clients in California understand the estate planning process. If you have questions regarding estate planning laws in this state, or wish to address a particular matter concerning trusts, powers of attorney or other estate-related issues, you may contact our office to request a consultation. Not only can we help you implement an asset distribution plan, we are fully equipped to address all aspects of the probate and administration process as well.