The estate planning process in Rosemead begins long before a person puts pen to paper. While the creation of testamentary documents is a key part of this process, understanding one’s needs, as well as the impact of these plans on others, is also vitally important.

The plain fact is that estate planning begins whenever an individual decides it does. This can include situations where a person obtains valuable property, acknowledges that they need to name their heirs or beneficiaries, or decides that they need to make a plan for the future. As a result, it is never a bad time to begin the estate planning process. An estate planning attorney from our team could help you no matter where you are in this process.

Taking Preliminary Steps in the Estate Planning Process

In Rosemead, the estate planning process often begins with an evaluation of an individual’s needs and wishes. These can include what a person wants to happen to their assets after their death, as well as ways in which an estate plan can provide immediate benefits.

For example, a will was the traditional way to leave property to heirs. However, this only comes into effect upon a testator’s death. In addition, the value of an estate may drop if creditors have claims on a decedent’s estate, and heirs may need to pay taxes on their new property. By contrast, a trust can see the transfer of property at any point in the future. These documents can also lessen an individual’s tax burden and provide a steady source of income for children or those with physical or mental limitations. Talking with an attorney could help someone identify their estate planning goals and better understand the options available to them.

Drafting Estate Planning Documents

Once an individual can identify their personal goals and wishes for their heirs, they are ready to begin drafting the necessary documents. One key part of this process is ensuring that the documents take on the proper form. For example, California Probate Code § 6110 requires that a valid will be in writing, contains the testator’s signature, and that two witnesses who observed the signing also add their signatures. An estate planning attorney in Rosemead could help with this process by making sure that there is compliance with all state law requirements.

The other essential part involved in drafting estate plan documents is including as much detail as possible. Clearly identifying beneficiaries as well as the property contained in an estate or trust is necessary for effective administration. This can also help avoid any legal conflict that may arise that could call into question the legitimacy of documents or the rights of potential heirs. An attorney could draft testamentary documents that leave no doubt as to a person’s intent.

Call a Rosemead Attorney to Learn More about the Estate Planning Process

It is never too early to consider forming an estate plan. Even relatively young adults may want to name their children or their parents to protect the future of their property. Effective estate planning requires you to take stock of your assets, identify what you want to happen to those assets, and determine your heirs and beneficiaries. Only then can the resulting legal documents have the intended impact.

One of our experienced lawyers could help you with the estate planning process in Rosemead. We could work to understand your needs as well as make suggestions as to how to craft an effective estate plan. Give us a call today to schedule a consultation.

Los Angeles Offices

3733 Rosemead Blvd., Ste. 201
Rosemead, CA 91770

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1930 S. Brea Canyon Rd. #120
Diamond Bar,  CA 91765

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(626) 307-2800
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Orange County Office

511 E 1st St., Suite H
Tustin,  CA 92780

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(626) 307-2800
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