Estate Planning Attorney in Sacramento

 The goal of estate planning is to ensure the fulfillment of your wishes, secure your legacy, and take care of your loved ones, no matter what. If you don’t know where to start, your estate planning lawyer from Klosek Law in Sacramento, CA, can steer you in the right direction.

What you should know about Estate Planning

No one can predict the future, but planning ahead allows you to anticipate the possibilities and be prepared for each one. Through estate planning, you can draft an arrangement for how your wealth and assets will be managed and distributed – even after your death.

The two most well known estate planning documents are the Will and Trust.

Wills

A will is a legal document that covers your final wishes and distributes your funds, real estate, and personal property assets after your death. Wills are usually fairly simple to produce, only requiring your signature as well as those of two witnesses.

This estate distribution document typically includes:

 

  • Instructions on how you want your assets to be distributed
  • Instruction on how you want your remaining debts and taxes paid
  • Names of guardians for underage family members under the legal age
  • Name of a property manager for children’s assets (testamentary trusts can be established for your children, with trustees overseeing the distribution)
  • Name of the will’s executor (the executor is the person responsible for managing your estate, paying any debts, and distributing what’s left)

Trusts

Unlike wills, trusts allow the passing of your property outside of probate court

After your passing, if you die without any estate planning documents (in the eyes of the law this is called intestate) or with just a Will, the probate court is often necessary to carry out the Will’s instructions, or far worse distribute your assets according to the state’s laws. Do not leave it up to the government to decide who will receive your assets, and set up a revocable living trust to bypass probate entirely. With a trust, your property can go directly and immediately to your beneficiaries.

Other benefits of this estate plan include protection from court challenges, maintaining your privacy after death, and avoiding a conservatorship. An estate planning lawyer in our Sacramento office can help you set up a trust.

Which Estate Plan Should You Choose? Ask a Probate Attorney, Sacramento, CA

While trusts tend to be more expensive than wills to create and maintain, they offer better protection for your assets. Generally, those who have accumulated a large amount of wealth and property take this route to ensure a smooth transfer after their passing. However, living trusts are not just for the wealthy, and anyone that owns a personal residence can benefit from setting up a revocable trust. 

If you’re unsure how to proceed, our law office in Sacramento, California, has a trust and estate planning attorney for you who can provide legal assistance in setting up a proper estate plan. 

Klosek Law Firm Provides Estate Planning, Sacramento, CA

You worked hard for your assets and wealth, and when you visit our law offices, we will work equally hard to ensure the preservation of those assets and have them distributed to your loved ones or other designated recipients when the time comes. Our law firm can accommodate your special needs and help establish a special needs trust as well. 

We have estate planning and probate attorneys with years of experience in trust and probate law. Contact us today and book a free consultation in one of our practice areas in Sacramento, California!

Estate planning attorney in Sacramento

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