Do I need an estate plan in California?

If you’re asking the question, then probably yes.

Some version of an estate plan is appropriate for most people who are over 18 years old. Usually, people over 18 who have nominal assets and do not have children may only need a financial power of attorney and healthcare power of attorney. In each power of attorney, you get to decide who is going to make decisions for you if you are unable to do so yourself (think: car accident, surgery, anything involving incapacity — even if it’s just temporary.) Once you’re 18, your parents can’t make decisions for you without you designating them. And if you’re married, your spouse also can’t make decisions for you if you haven’t designated them?

You may also want a will. The will designates who will get your stuff and things when you die. It is also where you name guardianship for minor children.

However, if you have assets over $184,500 or you have children, you may also want to consider a trust. A trust allows you to avoid going through the probate courts when you die.

Contact me for a complimentary consultation and we’ll talk through the options and why one strategy may be best for you.