Stebner And Associates
Free Initial Consultation
Call Toll-Free 800-610-9641

Incapacity Happens

According to a new study by caring.com, only 42 percent of U.S. adults currently have estate planning documents such as a will or trust. For those with children under the age of 18, the figure is even lower, with just 36 percent having a plan in place.

Why is estate planning important even when you are younger and/or don't have substantial assets to transfer at death? Because incapacity happens. It is comforting to know you have named a person you trust to handle your affairs while you are alive and need an agent's decision-making assistance due to illness or accident.  You can name a partner you haven't married, or a best friend or cousin, or maybe a neutral fiduciary who you would prefer to make financial and healthcare decisions for you than a family member.

If you have minor children, the most important part of a will might be to nominate a guardian. Most people have certain relatives in mind that they DON'T want to be the guardian for their children -- a will gives you an opportunity to nominate someone else so the probate court is aware of that preference. A trust gives even more options for the care of minor children without the need for court oversight (which may or may not be desired).

Those who have taken the time to create an estate plan would no doubt agree: Naming fiduciaries, including simply an agent in a financial power of attorney and advance health care directive, will help you sleep better at night.

No Comments

Leave a comment
Comment Information
  • SFTLA | San Francisco Trail Lawyers Association
  • Canhr | Elder Justice Advocates
  • Super Lawyers
  • The Bar Association Of San Francisco
  • Consumer Attorneys Of California
Email Us For A Response

We're Here To Help You!

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

870 Market Street, Suite 1212
San Francisco, CA 94102

Toll Free: 800-610-9641
Fax: 415-362-9801
San Francisco Law Office Map