Keeping Your Financial Legacy In Your Family
Estate planning is a critical part of planning for the future of your loved ones after you pass away. Although it’s not easy to stop and think about what might happen to your family after your death, or what they would do in the event you are incapacitated, it is important to do so if you want to be certain that your loved ones are cared for and your wishes are upheld when you can no longer voice them yourself.
At the Law Offices Of Angelo J. Lagorio, attorney Lagorio is ready to help you protect your successful financial legacy, no matter how simple or complex it is. Call for a consultation with estate planning lawyer Angelo Lagorio. He will explain our full range of services, including:
- The right estate planning documents for successful estate planning strategies
- The importance of having an updated last will and testament
- Trust administration services and setting up a revocable or an irrevocable trust
- Whether it is always best to try to avoid probate
- Conservatorship over the financial affairs of an incapacitated loved one
- Ways we help with the final administration of your deceased loved one’s affairs
Call today and learn how an experienced lawyer can assist you to achieve your goals.
Understanding Last Will And Testaments
Whether you have substantial assets or not, it is imperative that you have a legal will that is updated to reflect the most current circumstances. Through a last will and testament, you have the ability to specify how you want your assets – which do not already have a named beneficiary such as life insurance or checking account, for example – distributed after your death and what your last wishes are in regard to funeral arrangements and other matters. Without a will, the state of California will administer your probate estate, and your loved ones will not have any say over who gets what, as the law is very specific as to the distribution of the assets of an individual who died without a will, or intestate.
Generally, the probate process can be lengthy and will leave your family waiting months for the distribution of your probate estate. By creating a will, you are responsibly planning for the inevitable and proactively protecting your rights and the rights of your loved ones.
Planning For Incapacitation
Although it is unlikely you will become incapacitated, it is still important to plan for these circumstances in case they do occur. If you are incapacitated, you may not be able to make important financial or medical decisions. Outlining your wishes while you are still of sound mind, and choosing a power of attorney yourself, can help you be confident that your affairs will be handled the way you want them to be handled. Without a plan for incapacitation, it may be necessary to obtain a conservatorship over your person and estate. A conservatorship is costly and complex, and the conservator may be someone who you do not want to handle your affairs.
Contact The Law Offices Of Angelo J. Lagorio In Fremont
Protect your wishes in the event of your death or incapacitation and protect the interests of your loved ones by working with a seasoned estate planning lawyer to create a solid, legally recognizable plan. At the Law Offices Of Angelo J. Lagorio, attorney Angelo provides individuals and families who are planning their will with experienced legal advice and guidance. He understands how complex estate planning can be, especially when it comes to avoiding probate and planning for after-death taxes. He will walk you step by step through the creation of your will and other documents. Call 925-750-8757 or use the form to send an email.