PRESTON LAW GROUP

Estate Planning And Administration

While there are many myths and misconceptions surrounding the reality of estate planning, it still may not be as arduous as you believe. With the help of the right estate planning lawyer, you may even find the process painless and comforting in the best circumstances. This is because, with the right preparation and maintenance, you can rest easy knowing that your assets will be protected and all necessary legal matters will be accounted for in the unfortunate event of your death or incapacitation.

This can be especially valuable if you have those who rely on you for vital matters in their life or need care in the event of your passing. To ensure this plan becomes a reality, finding the best estate planning law firm in this area of California is the first step. With a vast depth of knowledge in the field and the pinnacle of legal service, you can begin to explore the wide variety of options available to you when it comes to ensuring your assets are handled correctly.

Whether you have already begun considering your estate planning process, have one already but need to review or revise it, or have never given it a second thought, it is never too early to begin. That being said, while it is never too early, there is a time when it may be too late. For example, suppose you pass unexpectedly or become incapacitated. In that case, you may not be able to sign any legally binding documents to plan your estate or ensure your medical and financial decisions are made in your best interest.

Establishing your medical and financial powers of attorney is a critical step in the estate planning process in which you will appoint a trusted individual to act in your best interest if you are no longer legally able. For example, suppose you are not of sound mind enough to make medical decisions. In that case, your appointed individual can make decisions like what care to provide or not and make decisions based on your directives established during life. The same is true financially, and to ensure your resources are handled appropriately while you remain alive but incapacitated, ensuring your financial power of attorney is set up is a must.

Another common concern is a special needs individual’s care or financial status, an heir that needs more restricted access to assets, and trusts may be established to accomplish all of these goals. However, without the assistance of an expert, you may be led astray or make minor mistakes that could result in catastrophe later down the road.

While many online resources offer a universal and straightforward solution that promises no snags, this is seldom the reality. Since each state and often the counties within them hold slightly varied guidelines and regulations for estate planning, you may find that the forms you found online are immediately invalid. To ensure your estate is planned for and administered correctly, a Local Estate Planner is your best friend.