Who Needs an Estate Plan?

There is a surprisingly common misconception that only extremely wealthy individuals need to have an estate plan. In reality, there are several reasons why virtually all people regardless of their wealth or family status can benefit from having an estate plan in place. As an estate planning lawyer Sacramento CA from a firm like Yee Law Group can explain, estate planning can help to address potential issues that may arise during a person’s lifetime well before his or her passing. Here are a few reasons why people should evaluate the importance of getting help to execute an estate plan.

Parents

Having children changes everything about how people think about the future. Of course, people do not really think about the possibility of their death before their children grow up. In fact, it is important for parents of young children to establish a will or trust to assure that their children will have the resources that they want them to. Parents can make stipulations about money that will be set aside for specific needs such as educational expenses, who will have guardianship of their children, and what personal property shall pass down to their children.

Business Owners

People who own or operate a business need to be extra conscientious about estate planning. This is especially true when a business has several principals. Planning ahead can address ambiguities about what will happen to an individual’s interest in a business and how they shall remain with business partners or pass on to family members. A will or trust pertaining to a business must be consistent with the legal terms outlined in a business’ governing documents.

Property Owners

People who own real property or any personal property that has significant financial or sentimental value want to have the ability to decide what happens with it. Transferring title to real estate may be difficult in the absence of clear directives about who shall possess title, so it is important that people outline their wishes for their property with a will or trust.

Individuals Who Have a Health Condition or Wish to Resolve Healthcare Matters

One key element of estate planning is establishing advanced care directives or medical proxies. Figuring out how to manage care spares family members from having to make tough choices and assures that you receive the treatment that you want. Getting help with estate planning can make the probate process simpler, give you peace of mind, and help your family. A proactive approach to this type of planning offers important clarity and reassurance.

Keri conn

Micheal and team were very accommodating with their schedule, staying open late and communicating above and beyond. Micheal made personal calls to confirm that everything was the way we needed it and took the time to answer all of our questions. Having to need a trust created is stressful enough, but the whole staff made the whole experience pain free. Forever grateful to have found Yee Law Group.

Barbara Storm

I hired Yee Law Firm to create a will and trust. I found Mr. Yee a delight to work with and his staff was simply amazing. Knowledgeable, helpful, and on top of everything. I wouldn't hesitate to recommend this firm for any estate related law plans or issues. They are the best.

Phil Peebles

Highly professional,Friendly, concerned, compassionate, thorough, efficient and timely. Will be recommending friends and family!

paulette swain

Michael and his office were all very professional and courteous to my husband and I. We are very satisfied and pleased with our Living Trust that was set up we definitely would recommend them..

Mariahelena Jimenez-Romo

Yee Law Group is super knowledgeable and super efficient. They really know their stuff. I am really glad my friend recommended them to me and I will surely recommend them to anyone.

Barbara Black

The process of creating a Will was smooth and well organized. The attorney, Mike Yee, met me at a convenient and very nice Folsom location. My dealings with the law firm's main Sacramento office was by phone or email where I received excellent customer service. The legal assistants were knowledgeable and highly efficient. Emails were answered promptly and the phone was answered immediately. It was a pleasure not to have to contend with an automated phone system. I chose this law firm strictly by sight---scrolling through Google. The price was standard. The process began with a free consultation and my only criticism was the attorney began writing up the will during the consultation. I didn't have a chance to think about it and prepare. The balance of the procedure was, however, fine. The job was stress free and done to my satisfaction. I am pleased to have found Yee Law Group and would highly recommend their services.

Marge Patzer

The Lee Law Group has been very helpful in preparing my family trust and will. I highly recommend this office.

PMO FloKapture

Excellent service and fast response. We appreciate working with you to form our trust and everything went smooth. Thank you.

Client Review

Who Needs an Estate Plan?