Probate is often unfairly portrayed as an unnecessary and archaic procedure. Many people in California make avoiding probate one of their priorities during estate planning, even if they do not fully understand the benefits and downsides of the process. While it is not always an ideal outcome, probate can be useful when approached correctly.
You aren't alone if you have no desire to create an estate plan or review the legal documents that you currently have in place. However, if you want to do the responsible thing, you need to put the appropriate amount of time and resources into this project.
California parents of special needs children often overcome significant barriers to ensure that their kids are well provided and cared for. However, many parents are faced with an uncomfortable question -- what happens to my children after I am gone? A special needs trust as part of a comprehensive estate plan can give parents peace of mind.
Most people think that they have a basic understanding of what will happen to their belongings after death, but few people truly understand how important planning for end-of-life matters can be. Estate planning takes what a person might think they know, and transforms it into something that is actually applicable in real life. By utilizing a few key documents, California residents can create clear instructions for their loved ones, pass on assets and give others the ability to make important decisions on their behalf.
Most people keep their passwords stored in the safest spot they can think of -- their own minds. However, what happens to the often dozens of online accounts after that person passes away? Suddenly Facebook, Twitter, Instagram and email accounts are inaccessible, leaving families confused and overwhelmed with how to handle a loved one's internet footprint. However, digital assets consume much more than just social media. Many California residents now deal with banking and other important financial commitments exclusively online, making it important to include relevant information in wills.