Estate Planning is Not a One-Time-Only Event
Life changes. So do people and circumstances. The person you were even a few years ago is probably not the same person you are today.
So those critical estate planning documents, like your advance healthcare directives, powers of attorney, guardianship nominations, wills and trusts need to be reviewed and updated regularly; once a year on your own, and every 5 years with your attorney.
The Longer We Live, the Greater the Chances are of Becoming Incapacitated
It's a frightening thought: The longer we live, the greater the chances are of becoming incapacitated. It's one more reason the attorney's at Rusconi, Foster and Thomas say an estate plan is critical.
The Estate Planning Checklist
Estate planning is not a one and done event. It's critical to create, and periodically update documents the communicate your wishes to your loved ones if you die or become incapacitated.That's why the estate planning attorneys at Rusconi, Foster and Thomas are offering this checklist:
By John C. Foster and Christen E. Gay
Your estate includes everything you own.
If “estate planning” sounds like something that is only necessary if you are wealthy or own real estate, think again. Contrary to popular belief, your estate includes everything you own. Therefore, if you would like a certain piece of personal property to go to specific person you should execute a will at the very least. Otherwise, the state will determine how your property is distributed at your passing.
Rusconi, Foster & Thomas, APC
We're located in Morgan Hill, California serving Santa Clara, San Benito, Santa Cruz, and Monterey Counties since 1956.