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Customizing Your Estate Plan To Fit Your Unique Goals

Nearly everyone should consider creating a will to control how their California estate will be distributed in the event of death or incapacity. A will is the basis for all aspects of an estate plan. It ultimately provides for the secure transfer of your assets to your beneficiaries.

At The Law Offices Of Richard Wingerden, we provide insightful one-on-one guidance throughout the estate planning process. Attorney Richard Wingerden will conduct a thorough review of your estate, goals and concerns to provide you with customized options for you and your family.

The Aspects Of A Will

Your will is created and tailored to fit the plans you have for your estate. The basics of a will consists of your beneficiaries, executor, guardians, assets, debts and property. The types of property you should include in your will are:

  • Checking and savings accounts
  • Cash
  • Royalties
  • Patents and copyrights
  • Stocks and bonds
  • Various forms of business ownership
  • Intellectual property

You will outline every detail of your estate and then identify how it should be distributed in your will. It is in your best interest to create your will with an attorney to ensure legitimization.

A Trust May Benefit Your Estate Plan

Incorporating a trust into your estate plan can assist in avoiding probate. In almost every case, a trust will speed up the distribution process. You can choose to incorporate a revocable or an irrevocable trust. The utilization of a revocable trust allows you to retain ownership of your assets while you are alive. You can make modifications with a revocable trust, but you cannot modify an irrevocable trust.

There are many subtypes of trusts that you can include in your estate such as a charitable or a blind trust. For a full explanation of the types of trusts available for your estate plan, consult a lawyer.

We Look Forward To Helping You

Whether you wish to draft your estate plan or revise aspects of it, we can assist. Contact our San Jose office for your free consultation by calling 408-273-8239. You can also schedule your consultation online by emailing us.