According to a recent survey, over 3 out of 4 people across the country acknowledge that having a will is a good idea. However, only 40 percent of those asked actually had a will. Perhaps, not surprisingly, those over 65 were the most likely to have a will. The survey estimated that about 2 out of 3 people in this age group had taken the time to at least do some simple estate planning.
Over the past decades, people have had the great blessing of being able to live longer thanks in large part to modern medical technology.
This blog has previously talked about how Californians who want to avoid probate can do so. For instance, many residents of Redding may want to rely on trusts to avoid the probate process.
Northern California is the home to many family businesses. While it is good when these businesses can turn a profit long enough to support one generation, it is a real point of pride when they get passed down through two or more generations.
As readers of our blog probably recognize, there are lots of ways, beyond a simple will or even a trust, that Californians can use to help them with the estate planning process.
Many people in Northern California who are approaching retirement may also be thinking about how they are going to afford the cost of long-term care. As people age, after all, they may require the assistance of a retirement facility or of a nursing home, but these services can cost thousands of dollars a month. Most people do not have this kind of money lying around, and the money they do have they would prefer to pass on to their children or other loved ones.
Many people in Redding and the surrounding communities of Shasta County, California, have spent their lifetimes growing their family business in to a reliable source of income.
There is more to drafting a will than many people realize, and there is more to estate planning than drafting a will.
Many people probably remember Actor Luke Perry from his years on the teen drama Beverly Hills 90210. His fans and supporters, needless to say his personal friends and loved ones, were likely shocked and saddened by his recent death brought on by a series of strokes.
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.