Estate planning

Preserve Your Wealth, Leave A Legacy

Estate Planning protects your assets (everything you own) in the best possible way during your lifetime and that of your "beneficiaries" after your death.  The primary purpose of an Estate Plan is to help you examine your financial needs and assets in order to pass your wealth on to your beneficiaries efficiently and privately.  If the estate plan has been well planned, your assets should be distributed according to your wishes in a minimum of time and expense.  Poor planning may lead to lengthy probate, probate fees, and taxes.  

Unfortunately, most people do not take the time to become aware of the differences between good estate planning and poor estate planning.  Many people believe that if they have a valid will, their estate will not have to go through probate.  This is simply not true.  Wills by their very nature must go through probate.  If you do not have an estate plan, the State of California will direct distribution of your assets according to law, known as "intestate succession."  The typical intestate succession in California will give your assets to your issue (children, grandchildren, great-grandchildren, etc.), then to your parents, or to your siblings if you have no children and your parents are deceased.  The safest and best way to avoid probate is the Revocable Living Trust, which is settled privately, quickly and without the major expense of probate court.

A proper estate plan should allow you to:
-make your own decisions concerning your future
-make the decision as to how your property is to be distributed
-minimize or eliminate taxes, court interference and costs and expenses of probate.

A proper estate plan will enable you to:
-control and manage your assets during your lifetime
-provide explicit instructions as to how your assets are to be utilized and distributed after your death
-maintain your financial affairs private and confidential after your death
-avoid probate and its associated costs.
-take advantage of minimizing any estate tax liability that you may have

A proper estate plan will ensure that:
-you provide security and protection for your loved ones
-you are the one who will provide instructions for your care in the event you become incapacitated or disabled.

​You should be able to maintain control of your assets; plan for the possibility of your own disability; determine whom you want to receive your assets - how and when you want them to receive it; avoid the agonizing experience of probate; determine who you want to manage your assets and make important health care decisions on your behalf; settle and distribute your assets privately, efficiently, and quickly; and, minimize your estate tax liability.