March 4, 2011
In our previous blog, we discussed that the first step to creating a good Sacramento estate plan is to calculate your net worth. This can be done by subtracting all of your total debts from your total assets.
The next step in our series on estate planning is to determine what type of plan you will need.
Is a living trust the best option for you and your family? Can you get by using only a simple will? What about a medical power of attorney or living will?
Many factors go into deciding what estate plan best suits your needs. When you sit down to make this decision, be sure to address the following:
Once you compile this information, it may be difficult to know exactly what to do with it and how the information relates to the overall estate plan. If you have more questions or would like a free consultation to begin your estate plan, contact me, your neighborhood Sacramento trust attorney by calling (916) 241-9661. Spending the small amount of time and money now to establish a secure plan can save months or possibly years of time for your loved ones after you are gone.