Throughout life, individuals accumulate wealth in hopes of being able to meet their own needs and desires. If they are lucky, they are able to accomplish this feat and help out others in the process. However, once you pass away, your assets mean nothing to you. However, those who choose to engage in estate planning can better ensure that those who mean the most to them will receive assets that may be helpful to whatever purpose they are trying to attain.
Estate planning is a completely individualized process. Therefore, if you want to develop your estate plan in a way that allows you to take care of an ill loved one upon your passing, you can do so through various trusts. If you want to leave wealth to another individual but ensure that the full value of the asset isn’t used up quickly, then you can place parameters on the distribution of that wealth to better ensure its longevity. You can even leave people out of your estate plan if you don’t want them to receive any assets upon your death.
While this process is entirely customizable based upon your wishes and goals, it is extremely detail-oriented. If you make a mistake in one section of one document, then your entire plan can be drawn into question, leaving your estate susceptible to litigation. This can be time-consuming and costly, and it can leave loved ones at odds over how the matter should resolve. This is why the legal team at Michael A Sawamura Attorney at Law strives to provide its clients with the holistic and thorough representation they deserve.
We know the law and how to utilize it to our clients’ advantage. We leave no stone unturned, working diligently to ensure our clients know the options available to them before moving forward. Our long list of satisfied customers prove our history of success, which is why we encourage Californians who are looking for estate planning assistance to consider our firm.