The Importance of California Estate Planning in the New Year

3:44 pm Uncategorized

As we approach the onset of a new year, it becomes increasingly important to realize the importance of California estate planning, with special regard to asset protection planning.

Protecting your assets will ensure that your family, institutions, charities, or any other entities you wish to contribute any wealth to will be protected according to decisions you make, and not decided by the IRS, the state, or other government agencies.

Estate planning is always a good idea, but more and more, it is becoming important for younger people. Many successful young professionals  have 401(k)s, mutual funds, and very impressive financial portfolios. These are the very people who generally do not consider estate planning and asset protection. There are many reasons this demographic may not consider making a will or planning for a financial future in the event of an untimely death. They may think, “I have no children,” or “I have no spouse,” or a combination of these or other factors. But if there is any substantial wealth, it’s best for you to plan ahead. Your estate could otherwise go where it may not do any good. All you’ve earned and saved can be split amongst groups or people who may not consider your final wishes.

Individuals and families should both consider Newport Beach asset protection as part of the management and preservation of an estate. In a time when financial security and the economy are unstable, nothing is a sure bet. The Wealth Strategies Counsel can offer you guidance and direction as you move through the asset protection planning process. But first, you have to decide to protect the future of your estate for your family and loved ones — as well as the causes you believe in. Don’t use the excuse that you’re too young; the sad reality is that any of us can go at any time. Let Jeffrey R. Matsen help you make your financial future bright — for you or for those you care for.

Contact us today and let our Newport Beach law firm help you with all your financial planning needs.

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