It makes no sense to spend years or decades building an estate and then leave it to chance. This estate should be there to help support and nurture your loved ones, those you worked hard to provide for. Yet, many times sudden death or simple denial of the inevitable leaves surviving family members with little or no clear idea of the size or terms of an estate, and to whom all or portions of it were intended.
Estate planning consists of more than simply making a will. Gifts to charity, trusts, endowments and other services can certainly be called out in a will, but each has unique characteristics and requirements, some of which may impact other provisions. For instance, the tax liability can be affected dependent upon how the portions are dispersed. A professional estate planner will guide the process, take advantage of statutory relief available for beneficiaries, and ensure the wishes of the estate owner are carried out in detail.
Often an estate requires the legal knowledge and experience of an attorney. LeClerc law office features an estate attorney in Chico, CA. Its legal team takes care to explain the complicated process in simple, easy to understand language, and ensures that no part of the estate disbursement deviates from the owner’s wishes.
The future of one’s estate is merely an extension of its creation and intended use. Prudent planning will ensure that as detailed care is taken during the execution phase as was taken in the building and planning phases. Clients can rest assured that the estate attorney in Chico, CA representing the LeClerc team is experienced and knowledgeable in the intricacies and unique aspects of California estate law.
When should estate planning begin? Typically, the answer varies somewhat, but a good rule of thumb is that as soon as there exists a definable estate that has some amount of intrinsic value, some form of planning is called for. With marriage and perhaps children the need becomes more pressing. At retirement age, most will have made some plans for providing for the family, but even then regular reviews of assets and their intended recipients and usages is prudent. The attorneys at can answer questions, as well as assist in beginning an estate plan, maintaining and updating it, and executing it upon the death of the owner.