There is no question that making major decisions about one's own health can be difficult and can require a significant amount of consideration. California residents may struggle to decide just how much support they want from doctors and nurses if they need to be hospitalized and may not be able to communicate their own wishes. However, once they have plans for how they want their care managed, they may want to take proactive steps to ensure that those plans are followed.
Readers of this California estate planning blog may be familiar with the purpose of a will. Generally, a will is a testamentary device that puts into words a person's wishes for how their property and assets will be passed on to others when they die. For example, through a will a person may bequeath their jewelry to their daughter, their fishing gear to their son and their vacation home to their sibling.
Although the conversation may prove difficult, preparing your assets for your loved ones before your death constitutes a responsible decision. Working with an attorney to draft documents for property distribution and healthcare beneficiaries describes a rewarding one.
Almost half of all married couples end up divorced in America. Parents hope that their children will not face the financial and emotional toll of divorce, but the chances of it happening are great. If your child goes through divorce in the future, their assets will be subject to division.