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Did You Know? Estate Planning

| November 01, 2016

My wife and I just became grandparents for the first time. Our grandson’s arrival prompted Andrea and I to take a look at our own estate planning documents and as I often find with others, ours needed substantial updates to accomplish our current goals – particularly in light of this wonderful addition to our family.

Many states have simplified their estate-planning procedures on certain property types. In 2015, the state of California passed Assembly Bill 139 which established a transfer death deed. The law took effect January 1, 2016 and now provides a method whereby real property can be transferred at death without probate or the complexities of a trust.

Even if you don’t have a large estate, the process of probate and the transfer of your assets after death can be costly and time-consuming. Taking the appropriate estate planning steps for your situation today can help simplify the distribution of your property for your heirs.

Did You Know Tim is a California licensed attorney and our office provides comprehensive Estate Planning services? We work to make sure your estate pays the least possible estate tax at death and that your assets end up with the heirs that you have designated. We can review your estate plan documents to ensure they are up to date and fulfill your goals.

We hope this information is valuable to you. Please stay tuned for our next issue of Did You Know? about Life Insurance and how you might be able to save premium dollars.