Newman Law Group

December 2017 Archives

Estate planning: not just for the wealthy

A good plan never hurt, and indeed it has helped many individuals go through a challenging situation more easily. Estate planning may sound like overkill to those who don't have millions to distribute after their deaths, but in fact, a good estate plan can make everything crystal clear and also reduce the amount of your assets that are lost to court costs and confusion. California residents have the ability to estate plan at any age, and they may find some good reasons for doing so. 

Wills help those who wish to leave a legacy

Thinking about estate planning doesn't have to be a grim reminder of the inevitability of death. Reframe this idea, and it turns into a way to diminish the stress on family and loved ones at the time of one's passing -- a time likely to send those closest to you into a challenging time of grief. Individuals in California can look at estate planning in this light and possibly have some of their concerns alleviated. By learning more about wills, people may be more at ease when the time comes to plan their own will. 

Early planning can make for easier estate administration

Starting planning early can ensure heirs have an easier time upon one's passing. Estate administration comes with work and responsibility, and the more time and planning that one invests in the process now, the less confusion and suffering will result for the ones left behind. In California, there are benefits to early estate planning. 

Power of attorney accused of theft

Choosing an individual who will manage one's affairs can be an important decision. A recent news story highlights a potential problem when the power of attorney is given to the wrong person. A woman hired by the previous power of attorney was able to have the authority transferred to her, which she then allegedly used to pilfer funds from a bank account. People in California contemplating their choice for this role may learn more about why having a trusted person working for them can be vital.