With a new year, we tend to think about getting things done that we have put off in the past. Among other things, it’s also a good time to consider updating your essential estate planning documents. Perhaps, it’s time to update your trust or set up a trust, or write a will, or get that healthcare directive. Significant life events that occurred last year may require making changes sooner than later. By answering a few simple questions, your answers may reveal that now’s the right time to get some very important estate planning documents in place.
If you answered YES to any of the above questions, you may want to update your existing trust or create a trust to protect your family and avoid having to pay federal estate taxes and costly probate. Having the right trust in place makes all the difference when it’s time to distribute your estate and care for your loved ones.
If you answered NO to any of the above questions, then ask yourself these questions:
If you answered YES or NO or you are unsure to any of the above questions, then this may be a good time to update or create your estate planning documents.
Essential estate planning includes:
Updating your trust and other documents is essential to make sure your property passes smoothly to your loved ones. Also, making sure your trust is funded properly may avoid probate.
If you don’t have any of these documents in place or you want to update your current documents, we can help. We provide documents written by attorneys at affordable rates. Give us a call at (805) 439-0715