![]() ![]() ![]() Download our full checklist to review the rest or call us today at (949) 333-3702 to schedule a meeting. For small estates with easily transferred assets and simple bequests, a will may be the least expensive. These are just a few of the questions a thoughtful and complete estate plan should cover. In approaching estate planning, wills and trusts are generally not an either/or question. Put this file in the name of the revocable trust. Keep this file in a safe location like a safe, safety deposit box, or secure electronic location. Does your current plan protect your children’s inheritance from a divorcing spouse or possible lawsuits? Create an Important Papers and Information File Including Your Checklist for Estate Planning.Are you certain that your current estate plan will minimize possible federal and state taxes (estate, capital gains, property) at your death, including taxes on your house, life insurance and IRAs?.Does your current estate plan protect you and your assets from expensive long-term care costs?.Professionals from other disciplines such as income tax, life insurance, trust administration, charitable giving and investment management may also be part of your estate planning 'team.' These. Have you properly designated legal guardians for any minor children to ensure they are never at risk of being put in child protective services if something happens to you? The guidance of a trained, experienced attorney is considered essential in the development of a successful estate plan.Do you have a medical emergency protocol in place to alert loved and give care providers immediate access to your important legal and health documents?.Our Estate Planning Checklist covers topics such as: Learning what legal documents you need or reviewing your current will, trust, and other estate planning documents can go a long way towards ensuring you have the right plan in place. There will be no guessing your wishes, less opportunity for conflict, and your affairs will be kept out of court. Having a good California estate plan means your assets are safeguarded, inheritances for family are protected, and that the aftermath of dealing with difficult life events will be made easier for your family and friends. An estate plan is about more than tax planning, and you do not to be extremely wealthy to need one. Explore basic estate planning tactics and tools that you can use to ensure that your assets are divided as you intend after your death. ![]()
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