The Internet is filled with generic wills that you can download and just add your information to. However, if you want your estate plan to be personalized, you may require the assistance of an estate planning attorney. Here are a few tips for customizing your estate plan, so that your heirs gain the most benefit.
- Leave something to charity – What is really important to you? By leaving some of your estate to charity, you can show future generations the causes that meant the most to you. Plus, you have the peace of mind of knowing that some of your estate is going to a good cause that can really create a legacy for your family.
- Pass on heirlooms – Rather than just combining all of your physical possessions to leave to a relative in one lump sum, determine some of the things that have the most sentimental value to you and turn them into family heirlooms.
- Create a narrative – By using everything from letters to video recordings, you can tell your story to the next generation. Passing on money is one thing but passing on your knowledge and experience can help the next generation to use the things that you have amassed in a wise manner.
Estate Planning Attorneys in San Diego
To help you customize an estate plan that will meet your needs and benefit future generations, contact Petrov Law Firm today. Our estate planning lawyers can help you to understand how federal and California laws affect your planning efforts. Get started today by calling 619-344-0360.Read More
The short answer is no. For legal purposes in the state of California, all of your documents need to be printed and signed. California courts will only accept the original documents as evidence. So does that mean you shouldn’t have an electronic copy of your estate plan?
The Simple Way to Review Your Estate Plans
The fact is that you should be reviewing your estate plan annually to ensure everything is in harmony with your current desires. This also allows you to account for major life or income changes. If you get married, divorced, have a child, lose a business account, gain a large sum of money or a piece of property, or experience any other major change, the first thing you should do is go over your future plans. A digital copy of your estate plan can make it simple for you to review matters without having to get your planning documents from a fireproof safe, safety deposit box, or wherever you may store the original documents.
Planning for Your Estate in the State of California
To understand estate planning in California, all you have to do is call the professional estate planning attorneys at the Petrov Law Firm. We are happy to put our experience to use in assisting you to ensure your final wishes are met and that your estate assets are distributed just as you desire. To learn more, call our San Diego office at 619-344-0360 and schedule a consultation.Read More
Your digital life is an important part of how the executor of your will manage your affairs after you die. Every company (like Facebook and Gmail) has different rules about how to handle digital accounts for the deceased. Technically, only you should log into your digital accounts (like email). So once you die, your executor needs to contact each company for how to close out the accounts.
Keeping a list of passwords so the executor can log in might seem easy. But passwords change. And keeping a spreadsheet of updated passwords for all of your various accounts is a lofty goal. Over the course of a decade or two, you could acquire a half-a-dozen different digital accounts — Facebook, Gmail, Dropbox, etc. (And again, it’s against the company’s policy for the executor to use your passwords.)
The best plan is to ask that your executor will handle your digital accounts in the same manner as he or she will handle the financial accounts. The executor of your estate shouldn’t be logging into your on-line bank account or your email account. As the executor, he or she should go through proper channels to access that personal information.
But, one questions remains: How will your executor know what bank accounts and digital accounts need attention?
The answer is relatively simple. After you and your lawyer prepare a thorough estate plan, keep a simple list (paper is fine) of your important accounts – including all banking, social media, and email accounts. Staple the list to your copy of your will and update it as your add bank accounts or email accounts.
Sometimes, the simple answer is the best.Read More