Ensure a Solid Estate Plan with Help from Sacramento Probate Attorney
Published by Trudy Nearn on April 10, 2014
As many people draw close to the end of their life, they realize that not all of the important tasks have been taken care of; one of those common tasks many people fail to do is to draw up a sound estate plan.
An experienced Sacramento probate attorney and estate planner can give you the advice you need to make decisions that should fairly benefit your heirs. An attorney would also be able to guide you around the pitfalls of inheritance laws and where you could go wrong. Credit.com’s Kelly Trageser underlines some other policy documents you might need as you draw up your estate plans:
"The smartest way to protect your wealth and wishes is to have a foundational estate plan drafted by an estate planning attorney. The foundational estate plan includes four essential legal estate planning documents: a will, living will, a durable power of attorney for health care and a durable power of attorney for financial decisions."
Each of these documents contributes to a smoother transfer of estate to your beneficiaries. A will is required to establish your intention and desires in terms of how your property and assets would be distributed. Probate courts do their best to check on the validity of the will, and then to honor its content. Without a will, the probate court will administer the estate’s assets, according to state laws. A living will, on the other hand, is a legal document that clarifies your intentions about your medical treatment.
Two other documents should not be overlooked, as well. A medical power of attorney will give someone you trust the power to make medical decisions for you when you are no longer able to make medical decisions for yourself. A financial power of attorney empowers someone to make financial decisions if you have become incapable of doing so. Many fine Sacramento probate attorneys and estate planning lawyers, such as those from Generations should be able to guide you in drawing up a sound list of your intentions through all four of these documents. With these documents, you create a solid foundational estate plan to ensure that all your assets will be handled judiciously should anything unexpected happen to you.
(Source: The Biggest Estate Planning Mistakes You Can Make, April 4, 2014)
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