What tools are available to help me plan my estate?

Estate planning is an important part of ensuring that you, your family, and your assets are taken care of when you are no longer able to manage them. In California, there are numerous tools available to help you plan your estate. The first tool is a living trust, which is a legal document that allows you to transfer ownership of your assets to a designated person or group of people, who will manage them for you. This is different from a will, which is generally supervised by the courts. A living trust allows you to specify how your assets are managed after your death, and it can also save your heirs time and money. An estate plan can also include financial power of attorney, which gives a designated person the legal authority to make decisions about your finances if you become incapacitated. Medical power of attorney is similar, but it allows a designated person to make decisions about your medical care. You can also include beneficiary designations in your estate plan, which allows you to designate who will receive your assets after your death. The designated beneficiary will receive your assets without having to go through probate court. Finally, if you own a business, an estate plan can help you with succession planning, which is the process of transferring control of the business to another person. This ensures that the business will continue to run smoothly after your death. In California, these tools are available to help you make sure that your estate is in order. A qualified estate planning attorney can give you the advice you need to create a comprehensive estate plan that meets your needs.

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What tools are available to help me plan my estate?

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