San Francisco, CA, is home to some of the most successful businesses in the United States. California's demographics are as varied as the industries that call this state home. What all of these establishments have in common is the need for estate planning.

The individuals who created these businesses must ensure that their interests are protected. Estate planning is the vehicle by which many choose to secure these interests. Not everyone believes estate planning is necessary for financial security and wealth generation, but Insight Legal knows better.

We understand that estate planning is not just for the super-wealthy. Instead, we are honored to help those who have built their legacy tirelessly from the ground up secure the fruits of their labor. We want to help you pass on your legacy to your family and ensure their well-being.

How Old Do You Have To Be To Start Estate Planning?

There is no minimum age requirement for beginning estate planning. Generally, individuals who are 50 years or older make creating an estate plan a priority.

This doesn’t mean that younger individuals can’t benefit from a secure plan. Your estate planning lawyer can walk you through what is most beneficial.

The documents included in your estate plan are meant to be updated periodically. No matter the age at which you create your first estate plan, you must keep it current as things change. You may have a plan as a single person, but once married with children, you’ll want to update everything to cover the ones you love.

How Do I Designate A Guardian For My Children?

In San Francisco, CA, you can designate a guardian for your children, which can be done through your will. Typically, your will, power of attorney, and medical directives are included in estate planning.

A lawyer who prepares estate planning documents will review your needs and wants so that your documents are fully fleshed out. The last thing you want to do is have gaps in the documents meant to protect the ones you love.

Remember that designating a guardian means making your preference for a guardian known. While the court will do its best to satisfy this request, the most important task is catering to the best interest of your children. In this regard, though you have made it clear who you are nominating, the court's concern rests with ensuring what is most beneficial for your children.

In San Francisco, CA, if certain requirements are met, your estate could be eligible for the simple transfer process. This is an ideal situation, but it isn’t always possible.

A solid estate plan would ease the struggle of going through probate court, but it doesn’t always prevent it. Whether or not your estate has to go through probate depends on its value. The higher the value, the more likely you will go through probate.

Unfortunately, probate courts have a bad reputation. Although many people may associate bickering families with probate court, its purpose is to ensure the validity of the deceased’s will. Having an established estate plan makes this process much smoother.

Ready To Start Planning?

Insight Legal | San Francisco, CA

Are you stressed out about estate planning in San Francisco, CA? Insight Legal has you covered.

Don’t be overwhelmed by the amount of time estate planning takes. Our team at Insight Legal can help you figure out the most important things for you and your family. While you’ve spent a good deal of time working to ensure your family’s needs are met, now is the time to ensure their well-being in the years to come.

Call Insight Legal at (510) 916-2100 to schedule a risk-free consultation today!