Some California residents may know that one facet of estate planning involves explaining to family members what the estate plan entails and what to do if that individual should die. Because an estate plan may be complex, there might be an easier way to take care of those details without unduly stressing family members.
One estate planning suggestion is to place the details of the plan with an attorney so that beneficiaries may make a phone call to that attorney to find out what the estate entails and where the documents for the estate are located. This may include a will and information on retirement accounts, insurance policies, banking and business accounts, and other assets. Instructions about paying bills or other ongoing financial matters may also be included in the estate plan.