If you die without some type of trust or will, the distribution of your assets and money is turned over to the state. While this turns out to be a complicated and long process, the state will decide on how to allocate your estate.
How to Control the Distribution of Assets
Without speaking to an estate planning attorney in Santa Ynez Valley, CA, you have no authority on the management of your estate. One easy way to control the distribution of assets and cash is by creating a will. That way, you can specify to an executor how to distribute assets. You can also use the document to arrange for the care of minor children in your household. Naturally, as you get older, you can make any needed amendments.
Establishing a Living Trust
By working with an estate planning attorney, you will have more control over your estate and will be able to provide for others financially after you are gone. You may want to arrange for property distribution through a living trust. While you can find books online about setting up a trust, it still is better to retain the services of an attorney.
Taking a Further Look
An estate planning attorney can assist you in creating a will or living trust that complies with the current law in the state of California. You can find additional details about estate planning, wills, and trusts by visiting the California State Bar website.
Get More Information Today
After reviewing the site for further details, visit our official website and set an appointment for a legal consultation. The more knowledge you obtain about estate planning and wills, the more confident you will feel about allocating your assets and money. You don’t want to leave the decisions for your estate to the state after you die. Contact a legal specialist to prevent this from happening.