You may think California Estate Planning is a bit different from Estate Planning in other parts of the US but one way it is the same as anywhere else is that California Estate Planning helps guarantee that an estate will be divided equitably between beneficiaries. The estate is composed of a person's possessions accumulated during his life time which may include life insurance proceeds, pensions, retirement funds, bonds, shares of stock, bank accounts, real estate, automobiles, and even furniture and books. The will of an estate owner can be made as a holographic will, a form will, and a "third party" will.
The Estate Planning Law Firm you select must be an expert in the laws governing wills and trust in your state and area. Ask the firm what is the mandatory minimum legal age for creating wills and trust is for your location, which will dictate when you can start estate planning. Regardless of the kind of Estate Planning Law Firm you select, you must prove to them that you are of sound mind and have no mental disabilities that would prevent you from lawfully making a will or trust. If you are unsure about the laws governing estate planning in your situation, you should use the services of an Estate Planning Law Firm.
When searching for an Estate Planning Attorney, you can't go wrong contacting the American Academy of Estate Planning Attorneys to get a shortlist of names of lawyers that specialize in Estate Planning in your area. The work of an Estate Planning Attorney is no longer limited to the drawing up of wills governing the estate of wealthy folk. Rather, the practice of Estate Planning has grown to include other areas too such as gift, legacy, disability, medical, charitable, business succession, retirement, and financial planning as well. Anyone who has an estate to protect can benefit from the services of an Estate Planning Attorney.
Contrary to what many people may think, it is not always necessary for someone to hire a lawyer just to make a will. However, it is always necessary to have a lawyer draft a trust. These are the fundamental things to remember when making Wills and Trusts. It is necessary to have a lawyer present when making a trust because of the complexity of the legal system governing such an estate planning tool. However, with a will, it is possible to create a sound will without a lawyer if the estate is not too complicated to administer after the death of the grantor.
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