Competent and well thought out estate planning isn't just for the wealthy. You don't need to own a massive estate to benefit from creating a sound financial plan or to realize some of the advantages that were once reserved for the richest Americans.
Whether or not you realize it, you already have an estate, which is merely a way of describing your total assets. The wealth you've accumulated so far, and that which will be added in the future, can be subject to a wide array of forces and laws. While careful investing and money management can help you attain wealth, changes in the tax laws can expose your assets to many vulnerabilities that a qualified estate planning attorney can anticipate and help you avoid.
California estate planning attorney Sam Mamola will guide you through the maze of available plans and options available, no matter your wealth level. With the price of homes and other assets near their highest levels, you possibly have more wealth than you ever dreamed possible. Securing your family's future by protecting those assets should be a high priority.
A sound estate plan will take into consideration both your desire to protect your assets and your plans for their inheritance. You don't need to be listed in Fortune Magazine to be concerned about making sure that your assets are distributed according to your wishes.
The perfect estate plan, above all else, is personal. An experienced estate planning attorney can do more than list your options. Knowing which plans and methods can best help you achieve your personal objectives and how to implement them separates excellent plans from merely functional ones. You may already be familiar with Living Trusts, Wills, and the Federal Gift Tax laws, but knitting them all together in a plan that meets your needs is best handled by competent legal counsel.
An increasing number of people each year in Los Angeles are subject to Federal Estate Taxes and there is ever-increasing family contention and litigation following a death. To make sure that your assets are secured, and that they will go to those you choose to receive them, requires a sound estate plan. No plan of this type can come about by accident, through non-attorney "trust services", or through internet forms and self-help software. A qualified California estate planning attorney, with extensive training through WealthCounsel and CEB, can help you achieve your goals and provide a solid plan to retain your assets.