As a California parent of a special needs child, you face unique estate planning needs that differ broadly from those faced by parents whose children who not have disabilities. At the Law Offices of Alice A. Salvo, we have a comprehensive understanding of the important estate planning considerations special needs parents face, and we have helped many clients plan for their futures, and those of their children.
One of your goals throughout your life has no doubt been to take advantage of the work that you do in Woodland Hills to save up assets to benefit your future generations. Several of those that we here at The Law Offices of Alice A. Salvo have had the privilege of working with shared to same goal, only to come to us concerned that their estates would be greatly depleted by taxes. It is a legitimate concern, but one that you may not even need to worry about.
Naming an executor to carry out a will is one of the most important decisions a resident in California can make. An executor’s task is to guard the property of a deceased person until all outstanding taxes and debts are taken care of, after which the remaining assets are given to the recipients listed in the will. However, some people may find problems with an executor after he or she has been appointed. According to California law, there is recourse if an executor exhibits certain problems.
For many in Woodland Hills, the thought that they would ever be in a position to not make decisions for themselves may seem unfathomable. Yet no one can anticipate when they may become incapacitated, and without the proper planning, one might find his or her decision-making privileges handed over to another who they may not know. States often employ public caretakers and guardians to assist people who have become incapacitated or been determined to be incompetent. While many of these professionals fulfill their duties admirably, others may have proven themselves to be less than honest.
Few people like to think about what will happen to them if they become incapacitated as the result of an accident or becoming elderly. However, if you are a California resident with definite ideas about what types of care you would and would not want in such a situation, the California Probate Court allows you to make an advance health care directive fully expressing your wishes.
When working through your estate planning in Woodland Hills, it is easy to base your decisions off of your current situation. Right now, you may not even be considering the prospect of having to pay for added services as you age. Yet you may soon discover that it often costs money to get older, particularly if you have to spend an extended period of your golden years in a nursing home. Without the right planning, you may find that many of the assets you hoped to leave to your beneficiaries will be depleted to pay for your care.
When you wed your spouse in Woodland Hills, you likely did so with every intention of providing him or her with the very best you could, both during your lives together and once you passed on. Yet, as we all know, different factors can often cause the feelings a couple shares to sour and eventually seek a divorce. All too often, clients come to us here at The Law Offices of Alice A. Salvo in a panic after learning that the loved ones whose estates they are parties to failed to amend their wills following their divorces. If you forget to take this all-important step, does that mean that your ex-spouse still maintains whatever rights and powers you endowed upon him or her in your will?
Estate planning can be complicated in any situation, but familes that have been blended through marriage and divorce can create additional obstacles to overcome. If you are attempting to build an estate plan in California with a blended family, you may have run across some confusing issues. We at the Law Offices of Alice A. Salvo are experienced in handling this or any other type of planning and can assist you as you create the perfect plan for your family.
The ultimate goal of your estate planning efforts is likely to be so that those that you leave behind in Woodland Hills have no reason to question what your final wishes may be. It should be remembered, however, that no amount of planning on your part may be able to account for the emotions one or more of your beneficiaries may feel regarding their final interests in your estate. You may try to be proactive in stopping any potential disputes by including a no contest clause in your will. The question then becomes to what extent is such a clause enforceable?
As you watch your family members and friends in Woodland Hills begin to deal with the effects of advancing age, you may quickly understand why many often sour on the idea of continued care. Oftentimes, such care can involve treatments that are painful or leave a patient feeling ill or drained of energy. Oftentimes, people may come to us here at The Law Offices of Alice A. Salvo wanting to set up advanced directives meant to limit care that could prolong their lives. Most automatically assume that any healthcare provider must comply with these wishes. Yet is that always the case?