Our estate planning lawyer Folsom, California relies on knows that estate planning is not always simple. You may believe that it will be easy to think of your property and know exactly how you want it distributed. However, it is often more complicated than that and you may need to choose a few different estate planning tools. Below, we have outlined the different options you have and would like to help you choose which ones are best for your needs. If you have any questions about estate planning or would like to speak with our Folsom estate planning lawyer if you are already in the process of creating a will or a trust, please give us a call. It is not too late to get legal help when planning an estate.
Step 1. Choosing a will or a trust. Our Folsom, CA estate planning lawyer knows that one of the first steps to make when estate planning is to consider whether you want to create a trust or a will. Especially if you have young children, it may be in your best interest to create a will since you can name a guardian for your children. However, if you create a trust, your loved ones will not need to go through probate court.
Step 2. Making a financial power of attorney. In the event that you are unable to handle your own finances, our estate planning attorney in Folsom, CA knows you can place someone you trust in the position of handling your finances on your behalf.
Step 3. Making health care directives. If the time comes that you are unable to make your own healthcare decisions, similar to a financial power of attorney, you should name someone you trust as in charge of your health care decisions.
Step 4. Consider funeral expenses. When you pass away, it can be a burden for your loved ones to worry about planning your funeral and paying the costs. Instead, it is possible to create a “payable-on-death” account where you can open an account at the bank that will take that money and pay for the funeral.
Step 5. End-of-life wishes. Our Folsom, California estate planning attorney knows that it may seem morbid, but stating what you want clearly can not only ensure you get your wishes respected but that your family is not left guessing what you want. You may wish to have your body cremated and your ashes spread or you may wish to have a burial ceremony.
To see how our estate planning attorney in Folsom, California can help you, please contact our office.