How To Make An Estate Plan

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How To Make An Estate Plan

• Property Suggestion

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What is An Estate Plan?

• Estate planning is the process of preparing the
  proper documents in order to protect both
  yourself and your family in the future. The main
  objective is to ensure your wishes are made known
  and ultimately respected by your family. A Good
  estate planning often means more to families with
  modest assets, because they can afford to lose
  the least.

• Estate planning is making a plan in advance and
  naming whom you want to receive the things you
  own after you die

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Who Need Estate Plan

• It is not only for the retired people, but also
  for the people who take the advance stpes before
  getting older. As, we cant successfully predict
  how long we will live, and illness and accidents
  happen to people of all ages.

• If one has not planned these aspects of his or
  her estate, the legal system will pick someone to
  handle your asset distribution and personal care
  management. So theyll have no control over them
  during their lifetime. After their death, the
  property will be distributed amongst their heirs
  according to intestate succession rules, or will
  go to the state if they have no family.

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Why Need a Good Estate Plan?

1. A per the instructions, Estate Plan is
   applicable for your care if you become disabled
   before you die.
2. Including the life insurance to provide for your
   family at your death, disability income insurance
   to replace your income if you cannot work due to
   illness, and long-term care insurance to help pay
   for your care in case of an extended illness.
3. That planing minimize taxes, court costs, and
   unnecessary legal fees.

• Avoiding Probate
• Reducing Estate Taxes
• Avoiding a Mess
• Protecting Assets from Unforeseen Creditors

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How Can Law Firm Help You

• A recommend Oakland estate planning lawyer at the
  Law Offices of Melanie Tavare may suggest more of
  the following documents
• A Last Will and Testament
• A Trust
• A Power of Attorney
• Advanced Health Care Directives
• With the changing of your personal life may
  affect an estate plan, like
• For your family situation such as a birth, a
  death or divorce
• The large adjustment of a change in career or
  the buying and selling of property
• The death or discharge of someone previously
  named as your executor, trustee or power of
  attorney

• There are several types of legal documents that
  can help you to establish your personal estate
  plan.
• A qualified attorney will take a look at several
  aspects like-
• Your life
• Your financial life
• Your real and personal property
• Your individual values and goals etc.

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Final Thoughts

• An experienced attorney will know how to apply
  these laws as your life progresses and your
  family grows and changes. Just meet with the
  estate planning attorney at Oakland, to make
  adjustment to your estate planning documents to
  reflect such changes as they are well versed in
  the most up-to-date California estate planning
  laws. They will take the time to get to know you
  personally and to understand your long-term
  objectives and needs.