3 Ways to Add a Personal Touch to Your Estate Plan
A cookie-cutter last will and testament template from the Internet might be able to help you assign an executor, assuming it is worded properly for the state you live in. However, real estate planning requires the help of a local professional who understands state laws regarding succession. If you want to put your own personal stamp on your estate plan, here are a few things you won’t find in a generic template.
- Recordings – You’ve probably watched a movie or TV show wherein someone leaves a video message behind for loved ones to treasure. Digital storage makes for an even more lasting keepsake. Your video can be played over and over, even to introduce you to generations of your family that are born after you pass on.
- Charitable contributions – What better way to leave a legacy than to support your favorite cause? You can provide assistance for the community and provide your heirs with an object example in being generous at the same time.
- Conditional trusts – Conditional trusts allow you to support the hopes and aspirations of your beneficiaries. You can make the trust conditional on anything like an heir getting married, buying their first home, having a child, going to college, starting a business, going to rehab, or whatever else you want to support them in accomplishing.
Creating a Lasting Legacy for Your Family
Estate planning is so much more than just deciding who gets what. Petrov Law Firm can help you explore the options that are available to you in the state of California, call 619.344.0360 to learn more today.