Ardent Winter 2015 Business

Page 27

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PLANNING

if you die without any plan in place, the State of California will decide who gets your property pursuant to the Probate Code through intestate succession and you lose all control. There are four things I do not like about probate: it takes nine months to two years to complete; you give up your right to privacy; you have to obtain court permission for everything; and, it is costly to administer.

7

I WILL NEVER DIE.

Estate planning is much more than a Will or a Trust—a comprehensive estate plan should include incapacity planning as well, since statistics reveal that most people are more likely to become disabled than to die before age 65. A plan needs to be in place that will allow another person to handle your affairs if and when you cannot; otherwise, your assets and your person may end up in conservatorship and/or guardianship.

8

I DON’T KNOW ANY ATTORNEYS WHO COULD HELP EXPLAIN THE ESTATE PLANNING PROCESS TO ME.

Plan to attend one of the seminars that my law firm hosts— you will learn a lot about the estate planning process in order to make informed decisions for you and those you love. Or in the alternate, call my office at 916-572-1998 to schedule a consultation appointment. If you have any questions you want to pose for future articles, please submit to admin@geoffroylaw.com -- your question might be featured in an upcoming publication. Theresa Carter Geoffroy The Law Office of Theresa Carter Geoffroy focuses on working with families and individuals throughout Northern California to develop comprehensive estate plans, assist with estate administration, prepare business succession plans, as well as formulate pre-nuptial and post-nuptial agreements. Our firm is experienced in helping clients plan for the two most important aspects in their lives: everything they own and everybody they love. Our ultimate goal is to give you a peace of mind in knowing that there will be clear instructions to your loved ones during the time that they need it most. ardentforlife.net   27


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