An Experienced Wills And Trusts Attorney Can Protect Your Assets
Americans typically avoid thinking about their mortality and preparing for the end of their lives. Talking about death is discomforting for many people — and talking to a wills and trusts attorney about estate planning may seem intimidating. However, as the saying goes, the only sure things in life are death and taxes. Preparing for the passing on of assets to the next generation is a way to deal with legal realities of eventual death in a well-thought-out manner. Many rightfully consider estate planning to be a smart part of financial planning for a lifetime.
The Importance Of A Will
Most adults have loved ones they care about, such as parents, spouses or children. Many people also favor charitable causes. Most adults also own property, which may be more valuable than they realize. Do you want to have a say in how your assets will be distributed someday? If you have no will or if your will is outdated, your wishes are likely to have no legal effect. Without a valid will, state law will determine what happens to your assets.
You may think you will wait "until you are old" to create a will. There are at least two problems with this mindset. First, accidents and illnesses kill many people at much younger ages than expected. Secondly, a will may be challenged on the basis that a person did not possess his or her full faculties when it was formalized.
The best way to ensure that your wishes will be honored is to put testamentary documents in place while you are still sharp-minded. Do not tempt fate by putting off this important task.
By careful crafting of wills and trusts, individuals can make binding decisions about how their assets will be distributed after death. Well-setup trusts can keep many assets out of probate. However, everyone should also have a will to account for any assets not allocated to trusts. Powers of attorney are also important ways to ensure that representatives can conduct your financial business if you become incapacitated. Healthcare directives can prevent unnecessary disputes over medical decisions that may become critical.
Our Wills And Trusts Attorney Performs Free Initial Consultations
Request a free initial consultation with a California estate planning attorney at Bowles & Verna LLP. Begin the process of creating or revising your will, trusts and other estate planning documents such as powers of attorney and health care directives. We are here to make the process go smoothly and, most importantly, to give you the peace of mind that your wishes will be honored when the time comes.
Take the first step in putting your affairs in order by sending an email or calling us at (925) 935-3300.
“With 24 lawyers and a total of 50 employees on our team, we have the resources to do battle with major insurance companies and corporate defendants.” Attorney Michael Verna