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, visit our
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!