Estate planning is the process of legally structuring the future disposition of current and projected assets.
What is estate planning?
Estate planning is many things. This lead question, however, is taken directly from the a recent Forbes article titled “What Is Estate Planning?“
The article concludes that “Estate planning is the process of legally structuring the future disposition of current and projected assets.” The operative words in this definition of sorts are “structure” and “process.”
“Structure” is an essential component of your estate plan. Why? Because, much like a building, estate planning requires putting many diverse things into place to accomplish a goal. A building can be an office, or a home, or a retreat, depending on the pieces you choose and where you choose to put them. Consequently, your estate plan can structure your assets to protect them from creditors, to duck beneath a tax ceiling, and to protect your loved ones for years to come. In essence, like a good building, your estate plan can perform many functions.
Likewise, “process” is equally essential. Unlike a static building, your estate plan is constantly building, sometimes evolving, and sometimes outright changing course completely. In this light, estate planning is abstractly simple. Accordingly, you must keep your estate plan current with the many changes in your life, the lives of our loved ones and the plans you have made.
Do You Need To Speak With An Attorney About Estate Planning?
If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.