Create an Estate Plan in Rancho Cucamonga
Here at Heather Lynn Law, we are committed to helping the residents of Rancho Cucamonga create an estate plan for their family’s future. It is a long and intricate process, involving creation of a will, picking a trustee, choosing health care directives, giving power of attorney, allocating property, filing beneficiary forms, considering life insurance, covering funeral expenses, and much more.
When you hire us, you get a practiced and professional Rancho Cucamonga attorney in your corner. We know the ins and outs of the law, and can ensure that your estate planning goes as smoothly as possible. To begin an estate plan, we start with our Rancho Cucamonga will planning service.
Will Planning Tips
Planning a will is a process on its own. Here are just a few tips that go over the process, and how to approach it.
Selecting Beneficiaries – Most people don’t have to be told about beneficiaries, that’s the whole point of a will. However, many people forget to update their list of beneficiaries as time goes on. This is something better taken care of ahead of time rather than in a rush.
Choosing an Executor – Someone will have to oversee how the will is carried out; this is the executor. The bank or an attorney is often chosen as executor, at a cost of between two and four percent of the estate on average. Family and friends are another great choice, although it is still recommended that they be compensated through the estate.
Picking a Guardian – It is not necessary to get permission before designating someone a guardian. However, if this is the case, it is recommended to list at least three different potential guardians in case the primary is unable to take custody.
Be Specific – A vague will is a useless will. The point of estate planning is to preempt any points of contention on property so that it can be allocated smoothly. Any inconsistencies or broad wording can come back and cause trouble later.