Estate Planning Guidance Backed By Decades Of Experience
When it comes to estate planning, there are seemingly many reasons to put it off. Maybe you assume you have plenty of time. Maybe you think your estate isn’t big enough to need a plan. Maybe you believe that you have to wait until you reach retirement age so that your list of assets is as current as possible.
Whatever reasons you may have, it is important to remember that no one knows what the future may hold. To give yourself and your family peace of mind, you should start the process now with the help of an experienced attorney. Here in San Marino and throughout the Los Angeles metro, the firm to call is Rudy Aguirre Professional Law Corp. Attorney Rudy Aguirre has been serving the estate planning needs of clients for 42 years.
What Should You Include In Your Plan?
One of the things that makes estate plans such powerful legal tools is that they are highly customizable. However, most plans will include one of the following core legal instruments:
- A will or pour-over will
- A named estate executor (sometimes called a personal representative)
- One or more trusts
- Designated durable powers of attorney for both health care and property
- An advance medical directive
- Beneficiary designations on benefits plans like life insurance or annuities
Naturally, your list of assets will change over time, which is one reason why many people think they need to wait to make a plan. Once created, however, estate plans are fairly quick and easy to update.
Additionally, some tools are meant to account for anything you may have missed. While most of your assets can be listed in a will (along with the intended heirs for each), a pour-over will take any property not itemized in the will and place it into a previously established trust, where it can then be managed by the named trustee.
Planning For Incapacity And End-Of-Life Health Care
Estate planning isn’t just about what happens to your assets when you pass away. A good estate plan also contains provisions planning for medical emergencies and incapacity (the inability to make or communicate decisions yourself). Advance medical directives, durable powers of attorney and other tools help you communicate your wishes for late-life care ahead of time and designate trusted individuals to make decisions on your behalf if you ever become incapacitated.
Ready To Get Started? Contact Our Firm Today.
When you contact Rudy Aguirre Professional Law Corp, you can expect skilled estate planning guidance from an attorney with more than four decades of experience. To learn more, call our office in San Marino at 626-658-4952 or send us an email.