Most of us don’t put nearly as much though as we should into planning how our estates will be distributed, and the estimates are that nearly two-thirds of Americans die intestate, without having prepared a will. While their estates will eventually be distributed according the inheritance laws in their states, those laws may not reflect at all how they would have chosen to pass on their assets. If you want to avoid that situation, finding a firm of experienced estate planning attorneys is your best answer.
Estate planning attorneys can help you regardless of whether you want to draft a simple will for a small estate; to change an existing will so that it reflects a change in your financial status; to establish a living trust; or to set up an estate plan which includes a will, trust, and your health care and life support directives.
Your estate planning attorneys will help you determine, from the existing state of your financial affairs, including your investments, real estate holdings, and personal property, what your estate planning goals should be. They will help you get a realistic picture of the potential needs of your survivors, and elicit a clear understanding of your final health care desires.
Estate planning attorneys can also advise you as to whether or not any personal changes in you life will require a change in your estate plan. If, for instance, you are widowed or divorced, in you later years, and considering remarriage, you should be aware that there may be consequences for your estate.
If you have children from an earlier marriage and intend to remarry, changing your estate plan so that you will include your new spouse among your heirs, there is a possibility of conflicted feelings among your children. Estate planning attorneys can suggest ways in which you can begin to distribute the assets you intend to leave to you children assets among your children during your lifetime without it causing tax consequences.
Sacramento Probate Attorneys at Generations Law is your source for filing probate in California and are experts in wills dispute law and trusts administration who are available in Folsom and Roseville. The Generations team of premier estate and tax planning attorneys provides confidential, individualized counsel and advice. Established in 1995 in Sacramento, California, Generations is renowned for its tax-smart, family-savvy, intensely-human representation and counsel in the following areas:
* Estate Planning
* Trust Administration
* Tax Planning
The name Generations reflects the firm’s position as a devoted ally helping families and businesses make informed decisions about their futures through the years—from one generation to the next. The firm cares about your future. When you and your family experience life changes, Generations is here—for you and the generations of your family to come. If you require a probate attorney, call Generations immediately or contact them today.