BEST ESTATE PLANNING IN ORANGE COUNTY, CA
What is Estate Planning?
Estate planning is a process involving how your assets are measured, managed, and distributed after death. Through estate planning, an individual’s asset is managed to yield optimum returns for beneficiaries of the estate.
Who Is the Right Candidate for Estate Planning?
After you must have decided to have estate planning, the next important decision to make is who the right candidate will be. So, in determining the right candidate for estate planning, here are two helpful tips.
Seek recommendations by either speaking to a lawyer friend or your loved ones. You can hardly know about a person you have not met before, but you can rely on the integrity of the others you have met as well as their recommendations.
Review Several Candidates
After you must have gotten some recommendations, the next thing to do is to review all of these candidates. Read about them, their profile and the many other services they have engaged in. what are people saying about the services they offer? Which of them do you think best fits the purpose?
What Should You Do After You Get Your Estate Planning?
Getting an estate plan is not always the end of the road for you. There are still other steps that you must take after to perfect the whole process. Some of the most important things that you should do after you get your estate planning include:
- Make sure there is a living trust that can ensure all your wishes and desires as contained in the estate planning are followed.
- Keep beneficiaries updated on insurance, retirement benefits, transfer on death accounts, and other information. Always review your estate plan from time to time and make sure your beneficiaries are updated about it.
- Make duplicate copies and ensure they are as safe as the original copy of the estate plan. You can make use of a fireproof safe or a safe deposit box for this.
- The estate plan should not just be kept in a safe place and ignored. You should make sure to revisit the documents to keep it updated with changes as they happen.
What Is the Difference Between Estate Planning and Will?
One major question people tend to ask when looking for the best estate planning attorney Orange County, CA is the difference between estate planning and will. Yes, there is a difference starting from the fact that estate planning is broader than a will.
Estate planning simply refers to all the processes involved in the arrangement and distribution of a person’s asset to yield maximum benefits for the beneficiaries. A will, on the other hand, is a legally binding document with information regarding how assets are to be distributed after the death of a person. The idea of a will is to ensure that your loved ones left behind after your death don’t face any hardship. An estate plan always includes a will among other documents and provides for additional matters not included in the will.
Do you want more information on estate planning, or do you need the services of the best estate planning attorney Orange County?
Contact Kate Kelso, Top estate planning attorney Orange County.