Thinking About Making an Estate Plan?
Our San Luis Obispo Estate Planning Attorneys Explain Why You Need Wills and Trusts
Constructing an estate plan is one of the most important legal decisions you can make in your lifetime. Estate planning protects everything you have worked your entire life to earn and plan to pass down to your loved ones. Estate planning is more than a will — although it does include wills. Our quality San Luis Obispo estate planning attorneys understand that process of taking control of your wealth and your potential future health needs, and putting advance directives into effect in the event of your incapacitation.
At James McKiernan Lawyers, our experience with estate planning helps you and your family prepare for the worst while you are still living at your best. We do not deal with “one size fits all” estate planning, but customize each plan to best fit your needs. The most lasting legacy you can leave for your family is an efficiently constructed estate plan.
How Do Wills and Trusts Work?
Essentially, wills and trusts perform similar functions — they each specify who gets your assets and wealth after your death. Without a will or trust, the state distributes your assets according to its particular laws, and this may or may not occur according to your wishes and the wishes of your heirs.
Your San Luis Obispo wills lawyer can also explain that all wills must go through a process called probate, where the government ensures your will is valid and authentic, before distributing your assets. The legal process for probate can take upwards of a year or more to complete.
A trust, on the other hand, avoids probate and gets your assets distributed far more quickly than a will. It also provides a greater amount of privacy, as wills are public and trusts are private. However, living trusts take longer to put together than a will, and require more ongoing attention. Talk to your wills lawyer in San Luis Obispo to find out if a will or a trust is a better match for your situation.
What Our Attorneys Can Do For You
With decisions as important as the safeguarding of your wealth and well-being, your trusts lawyer will work closely with you on all your estate planning needs, including:
And, in the event any family or business discord occurs, an arbitration lawyer from our office in San Luis Obispo is there to advocate for you every step of the way.
Contact Our Firm Today for Estate Planning Advice
When you work with James McKiernan Lawyers, you can rest secure in the knowledge that your estate will end up in exactly the hands you want it to. Contact us or call 805.242.5325 to discuss your case today in a free consultation with a top-quality San Luis Obispo estate planning attorney.