February 17, 2011
Regardless of your age, it is important to have a complete California estate plan in place, especially if you have children. But if you are a newlywed, the idea of planning out what happens after you die can seem like the least of your worries – after all, you just started your new life together. As in your whole life. You have your whole life to plan this, right? Wrong.
Without trying to take away from the excitement of your recent big day, devastating accidents do happen, and life can be taken in a heartbeat. So while you’ve already got all of the daunting paperwork ahead of you to change your name, social security card and deed for the house, why not add on the undaunting task of planning your estate?
One of the best elements of a well-planned estate is a living trust. I know what you’re thinking – trusts are only for the ultra-rich, right? Wrong again. You and your new spouse might be sitting on a hand-me-down couch eating spaghetti-O’s by romantic candlelight, but that doesn’t mean that a living trust can’t help even your (self-proclaimed “measly”) assets from being properly distributed after you die.
Living trusts are different than wills in many ways, but they protect the distribution of your assets just as well if not better.
Here are just a few key reasons why a living trust can be so beneficial when planning your estate:
Want more reasons why you should establish a living trust? Stay tuned for my next blog post in this series. Or you can contact our Gold River estate planning office at (916) 241-9661 to schedule a free Peace of Mind Planning Session (normally $750) where we can discuss your needs in greater detail.