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Estate planning is more than wills and trusts

Its never easy to talk about the death, and most people put it off. However, death is inevitable and having a plan makes sure that families and assets are protected. Estate planning is often associated with the mega-rich, but it can be beneficial for all California families regardless of economic status. Without wills or trusts, assets are left to be distributed by the probate courts.

Probate is process that is often best avoided. Not only is it a slow process that can take many months, it is very costly as lawyer fees and court costs quickly add up. Another reason to avoid probate is the lack of privacy. All probate cases become part of the public record and anyone can access these records. However, possibly the biggest drawback to probate is that the court gets to decide what happens to assets.

This is why estate planning is so important. Most people are familiar with wills and safeguarding assets after death, but estate planning can be a way to protect families from unforeseen circumstances in life. Trusts can provide protection during divorce and ensure that assets stay in the family. Other documents such as living wills and health care power of attorney provide protection during life events.

Estate planning is very important and something that families should discuss sooner rather than later. California families who have questions regarding wills, trusts and estate planning could benefit from discussions with an experienced attorney. A knowledgeable legal representative could answer questions and provide guidance to families who are wanting to implement a plan for their future.

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The Law Office of Araceli Tovar, APC

251 Madrona St.
Chula Vista, CA 91910

Phone: 619-869-4200
Fax: 619-869-4202
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