Happy New Year and Decade, Don’t Put Off Starting Your Estate Plan!

Happy New Year! January is upon us again. It is a new year and new decade!  Don’t wait to complete your estate plan, start now so you can start off the year with the peace of mind that you have this task completed.

For anyone over the age of 18, you should have a Power of Attorney in which you appoint an agent to make medical or property related decisions in the event you are incapacitated or unable to make such decisions. As for your assets, a Will allows you to indicate who you would like to serve as your executor and provide for disposition of personal property. Since Wills must be probated, a Revocable Trust may be a better fit for your estate plan. This depends on the size of your estate as a trust avoids probate, provides for disposition of your assets, and appoints trustees to manage your estate.

In addition, if you’ve recently increased or changed your assets; refinanced your home; had a child or need to change your Trustees or the guardians for your children, you may be due for a Restatement or Amendment to your Trust or a Codicil to your Will. These are all important aspects of your and/or your family’s life. Therefore, why wait at all?

Chauvel & Glatt will work with you to make the process smooth and efficient. To learn how our attorneys can assist you with your estate planning or other legal needs, contact us today.

 

The material in this article, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the post. It should not be considered, nor is it intended to constitute, legal advice or promise similar outcomes.  For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500.

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