Estate Planning

This is what people are thinking of when they talk about Trusts and Wills. Estate planning refers to the planning process as a whole, which typically includes documents like a revocable trust, a will, a power of attorney for financial decisions and an advance health care directive.

Minimally, a basic estate plan provides the following benefits:

  • Clarity about who gets what, to avoid family arguments
  • A power of attorney will allow someone to help you, if you are ill
  • Save your family the cost and burden of probate (court + attorney fees)
  • Reduce or avoid taxes
  • A health care directive will allow someone to help with medical issues if you are ill

An estate plan can also be drafted now to allow Medi-Cal planning down the road if it’s ever needed.

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