People in California often want to plan for their own financial future as well as those of their living heirs, but those with significant assets may have an interest in thinking even further into the future. California residents who want to share their wealth with future generations of children, grandchildren, great-grandchildren and even beyond will want to take the right approach to estate planning, possibly using various trusts to provide a wealth of options and possibilities for any future contingency.
People with substantial estates want to ensure that their money is going to the people and causes they love and support after they die. Most people want assurance that their money isn't going to disappear into the coffers of an overreaching government when they die, but unfortunately even a minor mistake in a person's estate planning documents can send a case to probate, an expensive and often inefficient system that determines how a person's assets will be distributed.
People in California who have questions about estate planning issues may want to start with the basics. While every person should have a will as well as a health care directive in place, some people may also benefit from setting up a living trust.
People in California may have seen a recent news editorial on the topic of leaving inheritance to children and other heirs. Everyone wants their future generations to thrive and prosper even after they are deceased, but how can a person make sure their children are going to use that money wisely and not blow it immediately on wasteful spending?