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Estate PlanningMost folks think of estate planning as writing their Last Will & Testament but, estate planning is much more than that. Estate planning is planning for your lifetime. It allows you to make decisions now that you may not have the ability to make in the future. It can help you control of your life in the event of a catastrophic injury or illness. When should a person think about estate planning? There are certain
milestones in our life when we should seriously consider planning. Any one of these moments in our life should make us want to get our estate
plans in order. Back to TopProbateProbate is the legal process which transfers our assets to our heirs and beneficiaries. In California, it takes approximately nine (9) months to go through the probate process. If we pass without a will and we owned certain types of assets like real property, Probate would be required to transfer that property to our heirs. If we've created a Will, Probate ensures that our property passes to the beneficiaries we named in our will. Proper estate planning for some families includes Probate, but we can also put together a plan which avoids the expense and time of the Probate proceedings. Back to TopGuardianship & ConservatorshipGuardianship & Conservatorship are the legal procedures we take when it is necessary to assume control over the life of another individual. Guardianship for minors, Conservatorship for adults. The most common instances of invoking these processes are when a child is orphaned or the child's parents are unable to properly care for the child or when an adult becomes unable to care for themselves either from physical or mental infirmity. Proper estate planning can also avoid these legal proceedings and ensure that the person you choose to handle your affairs, if necessary, can do so without going through the court system. Back to TopArbitration & Mediation
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Copyright © 2011 Benjamin V. Platon II
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