Experienced Estate Planning Attorneys in Escondido
When most people think about estate planning, they think only about writing a will. Although writing a will is an important part, it is not the only part. There are different legal documents you can prepare that put you in control of who gets your assets when you die and whether or not they have to pay taxes. You can also arrange for your own end of life care. At HainesLaw, some the estate planning we can help you with include:
- Wills: As the testator, you put in writing exactly how you want your assets to be distributed after you die. If you have an heir you do not want to leave any assets to, you can specifically say so in your will. If you have minor children, you appoint someone to be their legal guardian. An administrator is named whose job is to be sure the terms of your will are carried out. If you die without a will, the state distributes your assets according to established law even if someone comes forward and claims that is not what you would have wanted.
- Trusts: There are various types of trusts you can set up where you can transfer assets in ways that your heirs can inherit outside a will and without having to pay estate taxes.
- Power of attorney: You name someone you trust to make financial decisions for you when you are unable to make them for yourself.
- Advance directive: You give authority to someone you trust to make medical decisions on your behalf when you cannot make them for yourself. You can articulate exactly what end-of-life care you want for yourself and the person you have named must see that your wishes are complied with.
For help with estate planning, contact us at HainesLaw in Escondido. We serve clients in San Diego and Riverside Counties.