Estate Planning

What is Estate Planning?

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Estate Planning is…….

the collection of preparation tasks that serve to manage an individual’s asset base in the event of their incapacitation or death, including the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.

So, what exactly does that mean?? Well,  estate planning is basically figuring out what your assets are and making sure they are protected if you die or become incapacitated. Your assets include: real property, bank accounts, stocks, etc.- anything that doesn’t already have a beneficiary assigned (and even then it could depend). Estate planning also includes planning for your funeral, memorial, cremation, your advanced health care directive, appointing a guardian for your minor, a will and a durable power of attorney. It may also include tax planning.

Our office meets with clients and creates a plan unique to each individual (unlike those automated document drafting systems). What happens after the estate plan is created? Well, our office is unique in that we follow up every three years to ensure your plan is up to date and nothing has changed at no additional charge to the client.

If you are ready to start planning your estate, contact our office by visiting www.carmenrosaslaw.com, creating a client accountor by calling our office at 650-503-3770. Our main office is located in Redwood City but we have a satellite office in San Jose and where necessary will do home visits.

 

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