Estate Planning Attorney San Diego

Broaden Law LLP

Estate Planning Attorney San Diego

Everybody always says it is valuable to plan ahead, and those who do are on the right track. What would you expect if you were debilitated or passed suddenly? You may have wishes for your loved ones to carry out, how you want finances and belongings to get distributed, and more. Many people do not realize that several documents must be in place for such requests; otherwise, the state of California could make the decisions for you. Hiring an estate planning attorney in San Diego is the best course of action.

What Is Will And Estate Planning?

A lot of people believe the idea that estate planning is only necessary if you are wealthy. Will and trust lawyers can go over why this is not true, as everyone can benefit from the right level of estate planning.

When working with the best estate planning lawyers, you can formulate the proper documents to outline final wishes and any assets you want to be distributed and managed should you pass away or become incapacitated. Such a plan with the right estate planning attorney in San Diego should include documentation like:

  • Will
  • A durable power of attorney
  • Health care power of attorney
  • Beneficiary designations
  • Personal letter of intent
  • Guardianship designations

Why Do I Need A Will?

When talking with will and trust preparation lawyers, you will find that creating a will is imperative. This testament is a legally binding document expressing your wishes on who will manage your finances and property until it gets distributed. It also goes over who inherits your belongings and assets after your passing. Some of the examples of assets will include:

  • Vehicles
  • Money
  • Home
  • Family heirlooms

Should you wish to allocate certain items for specific people in your life, it is smart to work with the best estate law firm to create your will. Trust preparation lawyers often advise it to put together an inventory of all assets, designated tangible assets such as real estate, collectibles, and any intangible items like retirement accounts and stocks.

What About Beneficiary Designations?

It would help if you listed any beneficiaries you wish to transfer assets to, no matter what the terms are in your will. These get created whenever you establish a life insurance policy, retirement account, or financial account – many people already have such designations in place. You must ensure that your chosen beneficiary names are always up to date for every financial account. Hence, there is never a question of who should receive your insurance proceeds or money. Significant life changes to consider changing beneficiaries include:

  • Marriage
  • Divorce
  • Birth of a child or grandchild
  • Death of a spouse
  • Change of name or address

If you want more information on hiring an estate planning attorney in San Diego or have questions, contact our Broaden Law, LLP team. We have many years of combined experience, so you can count on us to provide quality service and support during the will and estate planning process. Contact us today by calling 619-567-6845 and get a free legal consultation.

Estate Planning Attorney San Diego

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