3 Important California Estate Planning Tools

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When most people think of estate planning, they typically think of a last will and testament, also known simply as a “will”. A will distributes property, designates a guardian for minor children and sometimes also directs a trust to be established and designates a trustee. A will cannot designate beneficiaries for life insurance or investment assets. A will can be anywhere from a couple pages long to many pages long depending on the level of detail a testator desires and depending on the complexity of the property and beneficiaries.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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