Estate planning is a people oriented process, it takes into account your family members, other people that you care for and for many, it includes a favorite charity that they have supported. There is more to it than just people; there also is your assets and the forms they take. Estate planning also involves you, it addresses your potential future needs in the event you reach the point where you are no longer capable of looking after yourself. When you engage a social security, workers compensation & estate planning lawyer / attorney in Fountain Valley you can:
* Decide how and by whom your assets will be managed in the event you can’t manage them yourself
* When it makes financial sense to distribute all or some of your assets while you are still alive
* Who will get your assets upon your death and how will they be distributed, and
* Who will care for you if the time comes when you can’t care for yourself
Estate planning takes more into account than just preparing your will; it includes the establishment of trusts and includes financial, business and health planning.
Who needs estate planning?
Everyone needs to plan their estate regardless of size. If your estate is relatively modest you may want to focus on those individuals that you wish to endow upon your death, who should manage your estate which includes paying any and all debts that have been left behind.
If you have a large estate your social security, workers compensation & estate planning lawyer / attorney in Fountain Valley will be involved, he or she will discuss ways in which you can preserve assets for your heirs and reduce the taxes that will become due upon your death.
If you don’t take control while you are alive then a judge will appoint someone to do it after you die. In a case like this the chances of your assets being distributed as you would like is remote. A well thought out and executed estate plan gives you control; you will not cede control of the distribution of your assets to the state.
An experienced social security, workers compensation & estate planning lawyer / attorney in Fountain Valley can ensure that your affairs are dealt with in accordance with your desires. To discuss your estate planning in detail you are invited to contact the Law Offices of Norman J. Homen.
