How do you avoid the cost of probate? What happens to your money and assets after you die? Estate planning can answer these questions and many more. But what is estate planning? It is the process of deciding and documenting who makes your decisions if you become incapacitated and who gets what after you pass on. When you plan your estate, every aspect of your life can be accounted for, and you can have peace of mind. Many people think that estate planning is only for the very wealthy, but they are wrong.
Estate Planning is for almost everyone. In Watsonville, probate litigation is growing. This is due to planning documents being invalid or unclear. When you hire an experienced professional attorney to plan your estate, you can avoid costly litigation
How Does Estate Planning Work in Watsonville?
What if you just want to create a will? Well, that is part of estate planning, but it’s not nearly all you need to do to properly handle things. There are many things to take in and consider after a member of the family dies. This is why we usually recommend planning alongside your family; so that everyone can understand and be on the same page. If you live in Watsonville, hiring an experienced estate planner will ensure that everything is properly taken care of. There are many factors that you need to consider. There are questions that an experienced estate planner will ask you about your desires and goals such as:
What is Estate Planning?
- Is your heir or spouse disabled?
- Do you need to take any alcohol or drug abuse into account?
- Is there a history of Dementia or Alzheimer’s?
- Do you wish to give to charity after you die?
- Do you have minor children, and who will care for them if you become incapacitated or die?
- Who do you trust to make your financial and medical decisions if you do become incapacitated?
- Do you want to set up a trust fund or inheritance?
- Do you want to encourage or pay for college for someone?
A trust and will work together to ensure good care and quality of life for any minor children who survive you if you pass on. Leaving this to chance is not the optimal way to go if you want to avoid any mistreatment or state handling of your minor child or children. Also, if you want to give to charity, it is your decision how you want to divide the money, whether you want to give all or some, and how much each charity gets if you want to give to more than one. It is also best to set up plans for care and maintenance of a disabled heir or spouse before the event of your death or incapacitation. This way you can be sure that they will get the proper level of care and treatment that you want them to have.
Why should you plan your estate if you are single? Because whether you are married or not, you still have just as many things to worry about. If you do become incapacitated as a single person, you still want to make sure that someone you trust is making your property, financial, and medical decisions for you. When you die, you want to be sure you are comfortable with who gets your assets and money. You can always change things later if you do become married or have a child.
Estate planning can be tedious; even more so if you try to do it yourself. Plus, if you do try to get it done all on your own, there’s a good chance you could get some or all of it wrong, and end up dealing with expensive litigation for unclear or invalid documentation. Hiring a professional estate planner in Watsonville will help you be sure what you are doing is legitimate and correct. It will relieve the tedium and streamline the process, making it faster and more efficient. Hiring a professional will also help you to understand things like trusts, will, and advanced directives. These are things that must be done right. Having a medical advanced directive is the only way to be sure that you get the proper care and have the right decisions made for you if suddenly you can’t make your own decisions any more.
Protect Your Loved Ones, Develop A Plan
In Watsonville, Mr. Ward’s clients are mostly looking for estate planning services. The meetings he counsels them in are often conducted with multiple generations in the family. He offers counsel on how to protect your assets and yourself properly. Using techniques that have been designed for estate planning, Mr. Ward helps to protect clients and their families, and assists in any transfer of assets. To do this, a considerable amount of discussion is needed. You will also be able to review your options and alternatives with him. Clients often need flexibility in planning, which Mr. Ward can provide. Some things can be assumed by looking at statistical averages, but there are many cases that don’t follow this pattern.
Don’t wait any longer!
To receive your free initial consultation:
Call 800-JIM-WARD (800-546-9273)
Why Using a Professional Salinas Estate Planner is Important
You will be asked some questions that you may not be able to answer without thinking on it for a few days. These same questions may be a breeze for another couple. You may not want anyone in your family to know what is going on in your situation, or you may want them to be included. Some couples have gained a large amount of wealth and don’t want the children to know about it until after they both pass on. Every case is different.
This is an extremely personal area of law, and every family has their own story and values. Mr. Ward and his team takes the time to get to know each client’s needs personally so that he can do right by them. Our offices in Watsonville often offer a free initial consultation when you call. We may be able to provide basic guidance with no more effort than it takes to make a phone call. We invite you to give us a call to see if there is anything we can help you with.