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January 2019 Archives

Common misconceptions about wills and estate planning

Although relatively low on the list of priorities for most California families, estate planning is an important step in providing guidance and securing the future for loved ones. Knowing assets are taken care of can provide much-needed peace of mind. There are many misconceptions and stereotypes about wills, trusts and estate planning. Learning these common misconceptions can help families create the best plan for their future.

Reasons to consider a revocable trust

Regardless of income level, everyone should have an estate plan. Having a strategy in place will make the transition of assets smoother and less stressful for loved ones. A beneficial way to secure an estate in California is with a trust. A trust is basically a document that determines how assets are handled in the event of death. Arguably the most popular type of trust is a revocable trust.

If someone challenges your estate, it will go through probate

One of the many reasons that people create comprehensive estate plans is to minimize the risk of their estate winding up in probate court. Probate court can prevent your heirs from accessing the assets you leave behind for many months. It can also be an expensive process that diminishes how much your family receives. It can cause conflict among your loved ones and family members to boot.

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The Law Office of Araceli Tovar, APC

251 Madrona St.
Chula Vista, CA 91910

Phone: 619-869-4200
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