How an Estate Planning Attorney Can Help
- By identifying and categorizing different threats to your estate, including taxes, asset mismanagement, disability, and premature death
- By assessing your vulnerability to different forms of risk
- By determining the level of risk you face
- By identifying and suggesting different strategies to reduce your risk.
- By considering ongoing crises to prioritize relevant risk reduction measures
Common Estate Planning Protection Strategies
Your estate plan could help you minimize the possibility of short- and long-term loss by providing the opportunities and tools you need to appraise and address current risks while anticipating future problems.
Making Informed Decision About Your CA Estate Plan
Inheritance
While a simple will cannot help your family escape the rigors of California probate, it protects your assets from the travails of an intestate succession.
Guardianship
Your estate plan provides an opportunity to designate a guardian for your minor children, ensuring they are raised by a trusted loved one who shares your values.
Health care
An advanced health care directive lets you leave detailed care instructions in the event you are ever incapacitated due to physical injury, cognitive decline, or old age.
Wealth
Ideally, your estate plan should not only provide an intergenerational legacy but offer some benefit while you are still alive. A carefully considered revocable living trust, for instance, could not only shield your assets and property holdings from future creditors but reduce your existing tax obligation.
Related links: |