Below please find questions often asked by our clients in regard to estate planning, wills and probate in North San Diego County. If you have further questions, we encourage you to contact us to discuss your estate planning needs
What is Estate Planning?
Estate Planning is the process of someone making the necessary arrangements for the management of their estate after their death in order to minimize gift, generation skipping, estate and income tax.
What is Probate?
Probate is the process the court goes through after someone dies to determine the validity of the will, and doing inventory on the deceased person’s property.
What is a Will?
A will (also known as a last will and treatment) is a document that describes who will receive your assets and property when you die. Your Will will establish who your beneficiaries are and what wishes you would like carried out after your passing
What does the average Estate Plan include?
In most cases, your estate planning lawyer will create an Estate Plan that will be comprised of the Declaration of Trust, a written document that describes your assets (savings accounts, stocks, bonds, retirement accounts, property, etc), a Power of Attorney for Finances, an Advanced Health Care Directive and other supporting documents to complete your entire estate plan.
What happens if I do not have a Will in place when I die?
If you do not have estate planning prepared before you pass, your estate will go into “intestate estate” which means that the state of California will determine who receives your assets and property. By not having a will or trust in place, you are giving up the security of knowing who will receive your assets, property and valuables.
When should I set up my Estate Plan?
Whether you are just starting your family, are an empty nester or elderly, it is never too early or too late to create a comprehensive estate plan.
Contact the Law Offices of Gordon G. Meyer Law at 619-855-4070 for more information about creating a Will, Trust, Probate or Estate Plan.