California Will Preparation: New Addition to the Family

12:38 pm Uncategorized

Article after article in the news these days continue to mention the importance of having a will in place if  you have children. Perhaps it’s been all the natural disaster we’ve experienced globally in 2010, but for whatever reason, crisis management for our most precious possessions — our children — are on the forefront of everyone’s minds.

To say that preparing a California will is important if you have children is a gross understatement. In a March 2010 article, California Estate Planning Attorney, Liza Hanks remarks, “What I always tell my clients is: ‘I know it’s a hard decision, but if you don’t make it then you put a third party in that position.’” Hanks goes on to add, “Even if your choices aren’t perfect, you should still make them. As a parent, you have this opportunity leave behind what your choices would be.”

Obviously, asset protection is a good idea for anyone with assets, but for those with children, it becomes tantamount. Protecting things like real property, intellectual property, and retirement funds (such as 401(k)s, IRAs, etc.) When you have children, this protection is even more important — it can determine their financial future plays out — so you want to make sure you’re the one calling the shots, even when you’re not there.

Please, start planning your California estate today. Start by having your will prepared today — you won’t regret it.

Contact us today for individualized planning strategies to meet your unique needs.

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