When many Redding, California, residents think of estate planning, the first thing that may come to mind is getting a lawyer to help them prepare a will. A will is indeed a very important part of a California resident's overall estate plan since it legally specifies who gets a person's property after they die. However, a will is only one document a person might need as part of a complete estate plan.
Trusts can be tailored to help with a wide range of estate planning goals. However, there are certain mistakes that could compromise this estate planning tool’s ability to serve its intended purposes.