Davis Wills And Trusts Lawyer

The Value Of Estate Planning: Leaving A Legacy That Reflects Your Values And Priorities

Estate planning involves taking steps now to prepare you and your family for future life events. Writing a will or establishing a trust may seem frightening for some as it involves a discussion of your wishes for a time when you are no longer able to control their fulfillment. With the input of an experienced attorney, you can be assured that you will have a plan that's appropriate for your situation and, ultimately, one that will save your family and friends future legal hassle.

Estate planning revolves around protecting your family and making informed decisions that reflect your values and priorities. Many aspects of estate planning can take effect now, structuring your assets in a way that makes sense for your goals and needs. At its core, estate planning empowers people to leave a legacy. You can provide for your family and descendants in a meaningful way. You can also choose to make a lasting, positive impact on the community.

What Is An Estate Plan?

An estate plan is more than just a single document. Each estate plan must be tailored to fit the unique needs of the individual or family. At the Law Office of Laura Stodden Parker in Davis, California, we can work with you to develop a custom estate plan that best suits your needs.

A variety of legal tools are available to accomplish estate planning goals. The attorney may recommend, depending on your unique circumstances, many or all of the following:

  • Wills: A will is a legal document that establishes your decisions regarding your property and any minor children you have. Wills govern the distribution of any assets that are not titled in the trust or subject to beneficiary designations. Probate may be required to carry out the terms of a will.
  • Trusts: Trusts are flexible legal tools that can be used to accomplish a wide variety of goals. For example, you may be able to avoid the expense and delay of the probate process and minimize your estate taxes through a carefully crafted trust.
  • Powers of attorney: These important documents provide carefully chosen individuals with the legal authority they need to carry out your wishes, should you become unable to do so yourself.
  • Advance health care directives: These tools allow you to designate who should make important decisions regarding life-sustaining procedures and medical care if you are incapacitated.

These elements form the foundation for a solid estate plan. For individuals and families with complex high net worth estates, however, more advanced solutions may be necessary. Our firm can help you develop an approach that is right for your unique needs.

The laws impacting estate planning frequently change, as do life circumstances. It is important to maintain an up-to-date estate plan. You should review your estate plan with a lawyer every three to five years or whenever you have experienced a change in circumstances. Such changes could include:

  • A large increase or decrease in your net worth
  • A change in family relationships
  • A decision to change your trustee, executor, agent or guardian

Making Informed Decisions: How We Can Help

Many people put off estate planning because they find it difficult to make important decisions such as whom to designate as a trustee, executor or guardian for their minor children. We can help you address those questions in a thoughtful manner. We can walk you through the factors and considerations to take into account, and we can provide the legal and practical information you need to make wise decisions.

Don't let indecision paralyze you into avoiding important life planning steps. We can help you address those difficult questions so that it's not so stressful and overwhelming.

Contact Us Today

Get started on the path toward a more secure future. Contact us at 530-792-1559. Based in Davis, we handle wills, trusts and estate planning matters throughout Yolo County and California.