Goldfarb & Luu PC : Los Angeles Estate Planning Attorneys

Overview

An estate plan is a collection of legal documents that give individuals the power to preserve and manage their assets during their lifetime, designate decision-makers in the event of their incapacity, and continue to provide support for family members after death.

Common estate planning techniques include a combination of:

• Will
• Trust
• Power of Attorney
• Advanced Health Care Directive
• Guardianship for Minor Children
• Conservatorship for Incapacitated Relatives

A thoughtful and comprehensive estate plan coordinates these various planning techniques and tailors them to meet each client’s personal goals.

You and Your Loved Ones Benefit from an Estate Plan

Regardless of a person’s net worth or the size of his or her estate, age, or marital status – everyone benefits from having an estate plan.

Honor Your Wishes. A comprehensive estate plan gives your wishes the strength of law. In the event of an unexpected accident or a serious illness, your family will know what medical measures you want taken. You will also provide for your family by naming who will care for your children and to whom you wish to give your assets. Having this plan well thought out and documented provides peace of mind to you and your family.

Protect Those You Love. Becoming ill and passing away is a part of life that few people want to address. It takes a courageous person with a strong character to foresee that planning for these difficult times will greatly reduce the emotional and legal challenges your family will endure. Completing your estate plan will enable your family to know your exact wishes – medical decisions, funeral arrangements, who gets what personal belongings – without forcing them to make tough decisions during an already difficult time. Your plan can also provide for them and make sure they are not burdened with time-consuming and expensive court proceedings and taxes.

Minimize Taxes for Your Family. Sadly, it is very expensive to die in California without an estate plan. The probate fees, administrative expenses and taxes add up to thousands of dollars. A complete estate plan can eliminate or at least minimize these costs for your family.

Creating Your Estate Plan

Estate planning requires a thorough discussion and review of each client’s personal goals, family relationships, and finances. In truth, no one wants to talk about death or incapacity. If you do not make the decisions regarding who will take care of your children or how to settle your financial affairs, the court will make these decisions for you. Careful planning means you and your family can enjoy everything you've worked for with confidence that your wishes will be carried out no matter what might happen.

For your peace of mind, plan today for tomorrow. To make it easier, we’ve organized our estate planning process into four stages.

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