Unless all of your assets are jointly owned, it is a good idea to have an estate plan in place. Certain assets, such as IRA accounts, life insurance accounts, and other financial accounts which have a designated beneficiary also do not require special treatment. However, if your combined assets, without beneficiaries, total more than $150,000, an estate plan should be put in place so your loved ones know your wishes for their disposition.
Estate planning involves far more than preparation of a will; you should also have the proper documentation in place in the event you are disabled and cannot care for yourself. Powers of attorney can be put in place to ensure someone has the authority to provide your medical care with guidance, and someone has authority to pay your medical bills, and handle other financial issues.
If you live in San Diego, CA and do not have an estate plan in place, contact Brennan & David Law Group and schedule an appointment to visit one of our offices which are conveniently located in Carlsbad, San Diego, and Vista; we can help you with all your estate planning needs.