Estate Planning Blog

Estate Planning Concerns for Young Professionals in Fair Oaks – Part II

March 12, 2015

In the previous part of this series, we looked at three of the documents that a Fair Oaks estate lawyer would most recommend for a new, young professional:

  • Beneficiary Designations
  • Financial Power of Attorney
  • Advance Healthcare Directive (Medical Power of Attorney)

There is one final must-have document for the young professional, however.

  • Last Will and Testament

Wills

Now we’re finally getting to the part that most people associate with an estate planning lawyer: the last will and testament. While you may initially think that you don’t really have much need for a will, think again. A will is designed to give you an authoritative say in what happens to your estate upon your death. Without a will, all of your assets, debts, etc. will be under the control of the court system and the default laws in place. For example, if you are unmarried and without children, your whole estate would likely go to your parents and/or siblings. So, if you want to leave a particular item to a dear friend, funds for nieces and nephews, or even an inheritance to your significant other, you need a will to do so.

There are a whole lot of reasons that creating a will with an experienced Fair Oaks estate lawyer is the way to go. First of all, you have a say in how things are distributed. Secondly, it keeps from adding further burden to your parents’ and others’ grief. An additional consideration is that you can make your own funeral arrangements (and determine how to pay for them), again relieving some burden on your loved ones.

Without a doubt, there are plenty of other ways that a young professional can benefit from sitting down with an estate lawyer in Fair Oaks. The earlier you begin to plan, the more likely you are to reach the goals you set for yourself!

Call The Chubb Law Firm today at (916) 241-9661 to review your goals and discuss your options.

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CLIENT Story

My wife and I have some quite large complexities both in our individual preferences and the construct of our life. When planning for our trust, Heather took the time to hear EVERYTHING we said. The trust which Heather formed for our family took all our concerns into account. When everything was said and done, we received a trust which, by design, is extremely personal to our circumstance. We also are delighted to have Heather to be part of our team of advocates to help when the time comes.
Jon

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