You’re unlikely to relish talking to your family about what happens should you become incapacitated. They are unlikely to look forward to this conversation either. However, it is a conversation that you all should certainly have.
The benefits of estate planning far outweigh any negative aspects. By taking a few simple measures within a short time, you can get the ball rolling and protect the inheritance of those you treasure the most. Estate planning really does help your family, and here’s why.
Inheritance can bring out the worst in people. It can also attract family members who had once kept their distance. By having estate plans in place, you can make your wishes clear and nip any disputes in the bud early. You can allocate exactly who is to get what, as well as exclude anyone who you do not wish to benefit from your assets. The last thing you want your family to deal with after you have gone is lengthy legal disputes over your inheritance.
Your estate plan can provide care
Whether you have a newborn child or you are the sole carer for an elderly relative, your estate plan can ensure that they get the care they need after you have gone. You can nominate legal guardians, who will pick up where you left off and ensure your family gets the same levels of care you would have provided.
Talking about estate planning can be challenging but it is certainly worthwhile. While you are making plans to protect the security of your loved ones in the future, make sure you are fully aware of your legal rights in California.