Most people in California do not properly plan for when they become incapacitated or for when they pass on. David J. Workman can give you all of the options and properly prepare the documents that will best address the needs of you and your loved ones.
Ensure that your estate is protected:
- Wills: Anyone who owns anything and who wishes for their estate to go to specific people should at least have a will. Wills are not complicated and are not expensive, but they need to be drafted correctly to ensure that your assets will safely pass to those whom you wish to receive them. However, a WILL DOES NOT AVOID PROBATE (unless your estate does not include real property and is worth less than $150,000).
- Living Trusts: Anyone who owns real estate or who has minor children should have a living trust. A living trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust. A livng trust AVOIDS PROBATE if drafted and set up properly. Living trusts can also provide for loved ones with special needs, so they can be assisted without losing their benefits. If you are incapacitated, a Living Trust can allow a trusted friend or relative to manage your financial affairs without court involvement.
- Powers of Attorney: Powers of attorney allow someone of your choosing to manage your financial affairs or healthcare needs if you become incapacitated and are not able to do so on your own. Powers of attorney, combined with living trusts should help avoid the risk of court involvement if you become incapacitated.
- Domestic Partnership Agreements: Unmarried couples have needs that may not be met by traditional estate planning methods. We can advise you on how best to plan your estate under any circumstance.