Many people put off estate planning. They often think that they have time to create plans or that they do not need a will or other documents. While every adult can benefit from an estate plan, California residents may want to remember that these plans are not just for themselves but for their family members too.
Estate plans are often needed by family members when a loved one becomes incapacitated or passes away. They will use the will and other documents to make decisions regarding medical care if the person is still alive and for funeral arrangements, asset division and other matters after the person’s passing. Of course, power of attorney documents and health care directives need to have been made beforehand in order to help the family avoid an even more difficult situation.
A will is certainly an important part of any estate plan as is naming an executor. The executor will be the person in charge of following the instructions in the will and settling final affairs. Appointing this person allows the testator to have the ability to choose a reliable and trusted person rather than leaving it up to the court to decide who is in charge.
Thinking about family is often a beneficial factor in estate planning. The information in a will or other planning document can often make already trying predicaments somewhat easier. California residents who are interested in getting their affairs in order may want to discuss their estate plan options with knowledgeable attorneys who can provide guidance on personal issues.