Estate Planning is the process of putting your financial and personal affairs in order so that you can get the maximum benefit from your estate while you are alive, and that, when you die, your chosen beneficiaries – such as family members, friends, or charities – can enjoy your gifts with the least amount of hassle and delay.
Most people think of estate planning as the preparation of a will and maybe a trust. Proper estate planning addresses financial planning, tax planning, and health care planning including consideration of Medi-Cal and social security benefits.
Common estate planning tools include wills and revocable trusts, but other tools include:
- Durable Powers of Attorney for Finances and Health Care,
- Advance Health Care Directives,
- Insurance policies,
- Irrevocable trusts,
- Specialty trusts (e.g., qualified domestic trusts for couples with a non-citizen spouse/partner, and gun trusts for gun owners).
Find Estate Planning Lawyer Elizabeth Blust on AVVO
Elizabeth Blust can help you evaluate your situation and determine the most beneficial estate plan for your needs. To discuss your situation, please contact the firm .