One of the most common mistakes people make regarding their estate plans is failing to make them in the first place. A California adult may assume that he or she is healthy and young, therefore not needing any type of estate planning protection until years in the future. Others may assume that since they are not wealthy or have discussed their wishes with loved ones that this effort is not necessary. In reality, everyone can benefit from having a plan, and delaying this too long can lead to problems down the road.
Estate planning, especially for older individuals, can be especially useful. There are documents that allow a person to have a say over things such as medical care, disability planning and what will happen to their assets. Through specific documents, a person can regain a measure of control over the uncertainty of life, as well as limit the complications loved ones may face in the future.
Failure to have an estate plan is more than just a small misstep. After a person passes, the court and state laws will have the final say over what happens to a person's property. This can leave loved ones and beneficiaries empty-handed, facing months or years of protracted and expensive legal battles.
Estate planning is different for each person in California. If someone is considering taking this step and is unsure of how to proceed, it may be helpful to seek the guidance of an experienced attorney. An assessment of a person's estate and objectives can provide clarity regarding the best way forward.