When it comes to planning for end-of-life matters and determining where to leave one’s assets after death, a lot of people have the same question, “Do I need professional estate planning?” Chances are, they do. Regardless of a person’s assets and the complexity of their financial situation, may folks can benefit from professional estate planning services from an experienced California estate planning attorney.
The fact is that estate planning is too important to leave to somebody without the knowledge and experience to see to it that it is done correctly, and competently. If an estate planning document isn’t legally sufficient, it could mean major delays or unintended outcomes in the asset distribution process, or a lengthy and expensive trip through the probate system, where the state may determine how to distribute one’s assets. If a health care directive or living will is ineffective, it could leave the designated representative without the authority they need to make important health care decisions, which can come at the most inopportune of times and leave a family powerless to act in a heartbreaking situation.
While most people need some level of estate planning, the amount of documents and instruments needed can vary significantly from client to client. For example, most married or single people with moderate assets may be fully covered by only a will, a power of attorney, and a living will or advanced health care directive. Clients with substantial assets, numerous heirs, plans for charitable giving, and potentially large tax exposure may want to consider setting up one of the many different trusts available under California law.
No two cases are identical, which is why Michael Sawamura provides specifically tailored advice and legal direction for his clients. Michael Sawamura is available for a new client consultation to help his clients with an estate planning solution is that is right for them.