What are the key components of a comprehensive estate plan?

In my experience working with clients across California, a comprehensive estate plan typically includes several key components. These include a will, which directs asset distribution and names guardians for minor children; a trust, which is a legal entity that holds assets for beneficiaries (and I often recommend trusts as part of a comprehensive plan); powers of attorney, which authorize someone to manage your financial and healthcare decisions if you become incapacitated; healthcare directives, which outline your wishes regarding medical treatment; and beneficiary designations, which specify who inherits assets in accounts like retirement funds and life insurance policies. I work with clients from my Pasadena office or virtually through the wonders of the internet to tailor these components to their unique needs.

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. It is essential to consult with an experienced estate planning attorney to discuss your individual circumstances and create a plan that is right for you.