Preparing your family’s financial future can be an intimidating process. Although it may be possible to do it alone by obtaining the necessary legal documents, there are so many intricacies that are easy to miss, which can cost your family greatly in the long run.
The estate planning attorneys at Aaronson Law specialize in drafting and implementing legal documents, including wills and trusts. Although there are many estate planning law firms in California, locating one that offers the personable, down-to-earth service that we provide is rare. When trying to protect such valuables commodities as your family assets, it’s imperative to hire the best.
When someone passes away, an estate is “opened”. Your estate may encompass your business interests, bank accounts, financial brokerage accounts, personal belongs; essentially anything you owned becomes part of your estate. Our main focus is what happens to an estate after the passing of a loved one who has legal ownership on the estate.
Which is a signed and witnessed document specifying how your property will be distributed at the time of your passing.
A living trust provides for management of your property during your lifetime and after your death.
A power of Attorney is the authority to act for another person in a specified legal manner.
The title refers to the legal right to access a property and transfer its ownership interest to another party.
Our estate planning attorneys are highly-skilled and experienced in guiding you through the process of taking care of your will, powers of attorney or trust. Our focus is always on our clients. Estate planning is much more than just dealing with your financial situation, or where your possessions go after you passed. In the unfortunate situation of falling into a coma or becoming incapacitated, estate planning helps make important decisions when you cannot. Taking care of your children, family, or spouse are all essential things to consider beyond your possessions that estate planning deals with.
Many people do. There are various types of estate planning. It’s not a cookie-cutter situation. Estate planning can be for someone who is single, someone who is going off to college in case of an emergency (someone to speak on your behalf) for people who are married with kids or without kids, for people who are married for the 2nd or 3rd time, and for people who have family members with disabilities.
It’s never too early to create an estate plan. By helping yourself and your loved ones now, you will avoid later stress, costs, and frustrations. We are here to help ease these issues by creating a comprehensive estate planning process for you today.
Medical directives can include power of attorney, a health care proxy, and medical instructions. Medical directives are crucial aspects of estate planning, so regardless of how unpleasant it may be for you and your loved ones to discuss, it is imperative and will save you a great deal of emotional trauma down the line.
Wills and trusts have some similarities but are not the same. In terms of similarity, they are both estate planning devices that can work together to create a comprehensive plan for an estate. However, Wills become effective after a person passes away, whereas some trusts are effective upon creation. Trusts cover only property placed in the trust. Wills, on the other hand, covers anything owned solely by the person creating the will. Wills are also public records and trusts generally remain private.