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.
Estate planning in California looks different for every client. Are you single or in a partnership? In a blended family with step-children? Are you in the "third act" of your life and want to proactively name someone to carry out your decisions in the event of incapacity? Do you have high net worth and wish to minimize estate taxes for your beneficiaries, or have a modest estate but nevertheless want to ensure your intended disposition is honored?