Andrew Fesler, a leading estate planning attorney in Carlsbad California, shares his thoughts on who needs an estate planning attorney. With many years of answering questions on estate planning – who needs it, when you need it, and why you need it- he is able to share some reasoning here in this video.
For more information visit his website or give his office a call (760) 444-0943 and set up some time to chat about your situation. If you’ve been putting off this important task, please do not delay further.
If you’re not sure if now is the time to do your estate planning, think about this:
- Have you recently bought a home, or do you currently own a home?
- Do you have a baby on the way or are you currently a parent?
- Are you married?
- Have you gotten divorced?
- Are you single but have some significant savings or assets that you would want to go to a special someone – parent, sibling, niece/nephew- upon your passing?
- Do you have assets you want to protect?
- Have you started your own business?
- Have you received an inheritance?
These are all times when you should consider creating a plan. A good plan “grows” with you, throughout the milestones in your life and the accumulation of wealth and assets. It is a plan for while you are alive and to take care of final details upon your death. It may not be pleasant to think about death, but it is best to have a plan in place for your loved ones, then to leave it up to the California probate courts to figure out.
” In California, our probate system is onerous. It’s expensive. It takes a long time to get through probate, and when someone passes away, if their what we call probate estate is worth more than about $180,000, it could take a year, 18 months, maybe even longer. It could be expensive, and it’s a hassle to get through. The first thing most people think of is that a trust will help avoid probate, and so they want to get a trust.
There are other documents that go along with a trust, however. You still need a will if you do a trust. You need powers of attorney to help manage your assets if you become incapacitated during your life. A lot of people don’t think about powers of attorney as much, but they’re actually the documents that people may wind up using while they’re still alive. An advanced healthcare directive obviously designates the person that you want to make medical decisions for you, and a financial power of attorney allows somebody to pay your bills, pay your taxes, collect retirement payments, etc. if you’re incapacitated during life. It really all is a package that we will usually do all at once for our client to make sure that we’ve covered all of their bases. “
Your Carlsbad Estate Planning Attorney
Andrew “Andy” Fesler is an experienced Carlsbad estate planning attorney with over twenty years of experience. He can create your best estate plan to fits your needs for today and tomorrow. He is client focused and interested in developing long-term trusted relationships with his clients.
Don’t wonder anymore about who needs an estate planning attorney. Contact The Law Office of Andrew Fesler today at (760) 444-0943 for a free consultation.
