Reminders Regarding Your Estate Plan
Estate planning is different from state to state, and there are federal laws as well, but that doesn’t mean it has to be a hassle to pass on your belongings to the next generation and to make medical decisions in advance. Here are a few reminders to simplify the process for you.
- Start today – Estate planning is easy to leave for another day when you have more time. However, if your time were to suddenly run out, perhaps in a tragic accident, where would your family be if you don’t take care of these matters in advance?
- Events that require a review – If you experience a life-altering event, then it is time to reconsider your estate plan. Some positive events may include an interstate move, a new family member (birth, adoption, marriage, etc.), or a sudden increase in assets (i.e., you win the lotto). Negative events such as a divorce or the death of a beneficiary also call for a review.
- Plan for future health needs – If you ever become incapacitated, you want to have someone in place to make medical decisions for you. Be sure to outline as many of those decisions as possible in advance so that your surrogate doesn’t have to guess what your wishes are.
California’s Premier Estate Planning Attorneys
At Petrov Law Firm, we love to help people plan for the future of their family and other loved ones. Whether your estate is worth thousands or millions, we can provide assistance to make sure you maximize the benefits now and in the future. Call 619.344.0360 today to schedule an appointment.