Estate Planning Attorney

4 Tips Estate Planning Sacramento

4 tips to know you wishes will be carried out through your Estate Planning

How do you know that your wishes will be carried out properly if you do not have a solid Estate Planning program in place? The answer is simple, you won’t. You are welcome to peruse the internet in search of your answers from people who are far from experts or you can reference the tips below. Remember, at Abrate & Olsen Law Group we are always available to answer any questions that you may have.

Tip 1: Title your assets accordingly. When you are creating a trust make certain that your attorney is instructed to change the title of each and every asset you want to be managed by that trust. Failing to do this will only allow those forgotten trusts to be absorbed into a probate estate.

Tip 2: Choose between a professional executor and an individual executor. Although a professional will be more familiar in handling estates or trusts and have the financial expertise under their belt an individual executor will be more familiar with the trust and family involved.

Tip 3: Consider leaving a legacy with a foundation or a ‘good cause’. There are a few different ways to take advantage of this. Either through a private foundation that you will for yourself or through an alternative referred to as a donor-advised fund. Whichever one you choose it is highly recommended to make certain a portion of your trust goes to a tax-exempt foundation.

Tip 4: Your domicile is not necessarily your home. Choose one. Technically a domicile is a residence you always intend on returning to. Due to this definition it may very well be different than your home. If it is, claim it.

There are always going to be reasons to update your Estate Planning and there is no Law Firm better to call on than Abrate & Olsen to get it done right, the first time. Whether it is due to family changes or geographical moves; we will handle it all for you.

4 Tips Estate Planning Sacramento

655 University Ave, Ste 230A, Sacramento, CA, 95825 (916) 550-2688


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