Estate Planning FAQ
Helping Clients in Sacramento & Surrounding Areas
At The Woodbury Law Office, we understand how confusing estate planning
can be to many individuals. This is why we have compiled a list of the
most commonly asked questions we encounter about
estate planning in California. Founding Attorney Janell Woodbury hopes to take away the
mystery and misunderstandings associated with estate planning.
If you have a question that is not answered below,
contact our office
and Attorney Janell Woodbury will be happy to assist you personally!
Not sure if estate planning is right for you? Learn more below.
What is estate planning?
Estate planning is a process of pre-planning. A great estate plan will
manage your health care needs and financial needs if you become incapacitated,
and it will also manage and distribute your assets according to your wishes
after your death. You can also address who will care for your small children.
The most common components of estate planning are wills, trusts, and power
of attorney documents.
Do I need to hire an estate planning lawyer?
It is highly recommended that you seek the guidance of a skilled and qualified
estate planning lawyer. Hiring an attorney can help you avoid any oversights
that could lead to tension and hardships for your family. People who decide
to create their own will often don't realize how expensive and time
consuming probate can be on their loved ones. Others who create their
own trusts often fail to properly fund their trust leading to undesired
consequences and possible probate. That is why it is crucial that you
seek out the help of a qualified estate planning attorney.
What is probate?
When a person dies without a trust, their estate may fall into probate.
Known for being expensive, long, and complex, probate proceedings involve
having a court oversee, divide, and distribute your estate. A probate
court may also sell your assets in order to pay off any outstanding debts.
I already have a will. Do I need a trust?
Even though you have already prepared a will, it is highly advisable to
prepare a trust as well in order to avoid probate. For more information,
wills vs. trusts page.
What is a power of attorney?
Power of attorney occurs when you legally designate a person, or group
of people, the power to make legal decisions for you, such as paying your
taxes, making medical decisions for you, and other specific actions. This
power can be enacted immediately or when an event occurs such as incapacity.
For more information, visit our
power of attorney page.
Call The Woodbury Law Office
If you need help with estate planning, turn to Sacramento estate planning
attorney, Janell Woodbury, at The Woodbury Law Office as soon as possible.
Contact us today!