Estate Planning in San Bernardino County: Significant Thing that You Must Consider

Estate planning is a term that must be considered and addressed by every individual. Being a responsible person, you also need to think about estate planning in order to protect your family and property in the long-term. Without a well-prepared estate plan, the San Bernardino courts have high authority to evaluate how your property will be distributed among your beneficiaries and heirs. Besides, your property will be subjected to a large number of taxes that may drastically depreciate its value. However, you must consider preparing an estate plan. With the help of probate attorney in San Bernardino, you can prepare all the legal documents related to the estate plan.  

Important Documents Related to the Estate Planning

Here are six documents that a reliable probate attorney can help you carefully dictate your wishes:

Living Trust

A living trust determines how your assets are allocated to your advantage during your existence and then distributed to nominated beneficiaries after your death. A living trust helps you and your family avoid probate, eliminate court proceedings and hearing dates, protect your privacy while lessening the emotional stress on your family. A living trust helps you and your family avoid probate, protect your privacy, eliminate court proceedings and hearing dates while lessening the emotional stress on your family.

 

Last Will and Testament

Last will assures that your personal assets are distributed as you wished. You must have also heard about "Pour-Over Will" which is specially planned to transfer estate involuntarily left out of the living trust. Nevertheless,  the assets distribution under a "pour over" will need to be probated. It is also prepared to dispose of substantial personal property such as antiques, jewelry, personal effects, etc.

A Living Will

A Living Will notifies your close ones and health care providers to eliminate any life-prolonging systems upon your end-stage (a permanent vegetative state with no recovery or any terminal condition).

A Durable Power-Of-Attorney

A Durable Power-Of-Attorney is an agreement that grants your reliable close ones the authority to make financial decisions on your account in case you are incompetent or disabled.

Medical Power of Attorney

Medical Power of Attorney is another must-have legal document which authorizes your close ones to make your health and surgical decisions in case you are incompetent or disabled.

If you are still confused with all these legal processes and documentation, you can hire a probate attorney. Michael C. Maddux is a well-known probate attorney who gives the most reliable guidance related to the estate planning, living wills, and notary in San Bernardino. 

Contact us Today: http://www.madduxlaw.com/contact-us/