The key to successful estate planning is expertise. When you work with a good estate planning attorney to gain a thorough understanding of all the factors involved, you can make intelligent and informed decisions for the well-being of your loved ones.
Some people are under the impression that you can use some kind of generic template document that you find online to execute a last will on your own. In fact, there is a lot more to it than filling in the blanks on a worksheet, and a last will is not your only option.
Many people choose revocable living trusts instead of wills, and this can be a good decision because these trusts enable asset transfers outside of the process of probate. This legal process is often times avoided because it is time-consuming, and it can also be quite expensive with court costs and administrative expenses that must be paid.
If you do use a trust to arrange for the distribution of your assets after your passing, you must consider the matter of trust administration. There can be quite a bit of business that must be attended to and there is a human factor involved.
We have prepared an informative free report for our neighbors here in the greater San Jose area that examines trust administration. To obtain the report, click the following link and complete the form that sits off to the right of the page: California Trust Administration
You can make things simple for your loved ones after you pass away by understanding the facts so you can make comprehensive preparations with the assistance of a good estate planning attorney.