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Who Should Do Estate Planning?

The answer is just about everyone.  Even if you have a will, an estate of more than $100,000 must go through the Probate Process.  This process can be expensive and time consuming.  Your assets could be tied up for months or years, while your family struggles in your absence.

Probate

Probate is the method used by the state of California to pay your bills and distribute your remaining assets after your death if you have not taken the steps needed to take care of it yourself.  This does not mean that you prepare a will.  A will still has to go through the Probate process.  A $1,000,000 estate will cost more than $22,000 in fees and costs to go through the Probate system  This can be completely avoided by creating an estate plan, including a revocable living trust.

Should I Do Estate Planning?

For a presentation of why you should consider estate planning, click on the button below.  For more information, contact my office.

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Law Office of Ken Koenen
Last modified: April 17, 2008