California Roseville Estate Planning Lawyers Help Protect Your Assets
DEDICATED TO PRESERVING YOUR FAMILY’S WEALTH FOR FUTURE GENERATIONS
Whether you’re planning the parameters of your future medical care or establishing support for loved ones upon your death, Sterling Law Group can help with all aspects of your estate plan, including:
- Advance directives (living wills)
- Estate tax issues
- Choosing the appropriate executor
- Living trusts
- Wills drafting
Estate planning Law documents are extremely flexible and can be designed to fit your unique needs. I work closely with you to tackle your goals with precise law instruments to execute your intentions.
SECURING YOUR LEGACY ACCORDING TO THE LAW
You’ve put your whole life into your family, so knowing you’ve secured their long-term welfare and financial security can set you at ease. I thoroughly analyze your estate law planning and strategize the best means of transferring your assets, minimizing taxes, establishing guardianship for your children, caring for your pets, supporting personal philanthropic causes, and protecting your loved ones.
DRAFT YOUR ADVANCE DIRECTIVE AND LAST WILL AND TESTAMENT
In Law, a will is essential at every stage of your life. Your advance directive (or living will) sets the parameters for medical intervention should you become incapacitated. This assures that when you are most vulnerable, your wishes will be honored by the law.
Your last will provides the opportunity to distribute your property, establish care for your children and otherwise express your wishes upon your death according to the law. A will is necessary if you intend to leave property to a person or entity other than a blood relative, such as a domestic partner, a friend, or a charity. If you die without a will, the law through the court determines how your property is distributed, who cares for your children, and even what happens to your pet – making decisions that might not reflect your desires. I draft valid wills that ensure your intentions are honored.
CHANGING YOUR WILL IN ROSEVILLE
As your life changes, so must your estate law plan. You must update your will periodically throughout your life. I draft valid codicils that address changes in your financial situation, marital status, number of children, philanthropic interests, and general lifestyle decisions.
ESTATE PLANNING FOR MINOR CHILDREN
If you have minor children, you need to plan ahead to protect them under the law if something should happen to you. Speak with a Roseville estate planning attorney about your options today.
Guardianship in CA
As new parents continue to begin their families at later ages, it is more important than ever to ensure that you have an estate plan and that someone you know and trust will have care and responsibility for your children in the event of a tragedy. Both parents may die, or both may be incapacitated, or a combination of the two. In any event, you need to be ready to have one or more trusted persons who can step in to take responsibility for your children until they are adults. One individual can fulfill the entire guardianship role, or you may split the roles between a guardian of the person and one of the estate.
Guardianship of the Person
A guardianship of the person establishes the person who will take physical custody of your minor child or children under the watchful eye of the law. This individual becomes financially responsible for providing their basic needs, such as food, shelter, education, and so on.
Guardianship of the Law Estate
The estate guardianship establishes in law the control of the minor child’s assets, including bank accounts, money, and real property. Remember, if you do not designate persons to fill these responsibilities, the courts will do so in the end. It is far better for you and your children that these decisions are made by those who know and love your children.
Minor’s Trust in Roseville California
If you anticipate leaving significant assets to your minor children, you may want to consider establishing a California minor’s trust to manage and protect their financial assets. The assets are in the control of your named trustee until your children reach the age you have designated, most often 18, 21, or 25. You can also tie the end of the trust to the occurrence of a specific event like marriage or graduation.
The minimum age to end the trust is 18 because the child is still a minor before that age. Minors cannot legally control or administer their own property. Generally, the maximum termination age doesn’t extend beyond the thirties since the children are as mature as they are likely to be by that time.
Avoidance of Probate with Estate Planning Lawyers Help
The use of a minor’s trust has several advantages, most particularly that the assets pass directly to the child without going through probate. This avoidance of probate lets your trustee and the children’s guardians avoid the costs and loss of time engendered by probate court proceedings.
If your children ever need guardians of their estate and person, you will want to be certain that these are persons who share your views and will raise your children with the love and values that you would have offered them through their lives. It is vital when making these appointments that you consider each candidate carefully, knowing that the courts may investigate your candidate before confirming your selection. You are, in essence, appointing new parents for your children, and the care with which you do so will be your final act of love toward them.