An estate plan provides you with the assurance that your property will move to a loved one after your death. However, these plans can also have a more immediate benefit. Comprehensive estate planning with an experienced attorney can help you live in comfort while providing a better future for your heirs.
Estate plans often include several necessary documents. These documents take effect after your death but may also function as a safety net against excessive taxation or loss of property in the event of a medical emergency.
Reach out to a Rosemead estate planning lawyer today so they can evaluate your current plan, suggest any necessary additions, and draft new documents that provide you with important legal protection.
Reviewing Current Estate Plans and Crafting New Goals for the Future
Many people come to an attorney with no current estate plan. A lawyer could identify what a client needs and determine how future life events may change those goals. A legal representative is prepared to take the time to address each client’s requests and help them create new documents to meet their objectives.
In other cases, a person may have already drafted an estate plan. An individual’s plan may consist of a single will or a collection of estate planning documents that need to be reviewed and updated. According to state law, creating new documents will automatically override existing versions of an estate.
Crafting a new set of documents is often an effective way to bring an existing estate plan up to date. A skilled attorney in Rosemead could help a person ensure that their estate plan includes the correct information.
The Estate Planning Process
Once an attorney identifies what documents are necessary for an individual’s estate plan, they will begin to draft these documents. Standard documents that a lawyer may draft include but are not limited to:
- Wills
- Trusts
- Business succession plans
- Advance healthcare directive
- Powers of attorney
A legal team member may craft a person’s estate documents to meet relevant legal requirements. For example, California Probate Code § 6110 requires that a will contain the signature of the petitioner and two witnesses who observe them sign the document. Similar provisions apply to all other estate planning documents.
A hardworking lawyer in Rosemead could help people create documents that clearly outline their estate plans and follow proper legal regulations. Individuals should speak with an attorney to understand how these documents function and determine if these choices are right for them.
Keeping an Estate Plan Updated
The parts of an estate plan that require the most upkeep is typically the list of the assets. Keeping a list of assets current is crucial to maintaining a comprehensive estate plan. Therefore, every time someone opens a bank account or purchases a property, they should include it in their estate plan. Fortunately, updating a plan is simple with help from a knowledgeable legal representative.
Contact a Estate Planning Attorney in Rosemead Now
It is never too early to have an estate plan in place. While you may be healthy, an accident could leave you unable to make decisions independently. Additionally, family members may be unsure of your wishes for medical care or other aspects of your life. If an incident results in death, it is even more critical to have arrangements for your assets to benefit your loved ones.
A Rosemead estate planning lawyer could help protect your future. A legal representative could explain how to retain control over assets after your passing and provide a comfortable future for your family. Speak with an experienced attorney to learn more about preparing for your future.
