Estate Planning In Menlo Park, California

Find the right Estate Planning attorney in Menlo Park, CA

In Menlo Park, California, "estate planning" refers to the process by which a person makes arrangements related to their property after their death. It can (and should) also include personal issues that might come up immediately before and after a person's death.

One of the first things an estate planner will ask you about when you come to them for assistance is what you want to put in your will. A will is a document which says who is going to get your property after your death. Once it is proven valid, a will is binding, meaning that the beneficiaries get legal ownership of whatever is left to them. Obviously, if you have any interest in what is done with your property after you die, a will is going to be at the center of your estate plan. Nonetheless, it is rarely the only part of a solid estate plan.

A will is rarely the only aspect of a comprehensive estate plan. Most people have very strong preferences about their end-of-life care, particularly when, and under what circumstances, they would want to be taken off life support, if that every happens. These wishes should be made in writing, and discussed with family. Furthermore, preferences on organ donation and funeral arrangements should also be made clear.

Perhaps most notably, your estate plan should make arrangements for the care and custody of your minor children, if you have any. Of course, you should discuss this matter with the person you intend to take custody of the children beforehand, to ensure that they are able and willing to provide proper care.

What Type of Estate Plan Do I Need in Menlo Park, California?

Obviously, this depends on your needs, which you will have to figure out for yourself. Some basic considerations in making this decision, however, are your health, age, and the amount of assets involved.

For example, if you're unmarried, and in your early 20's, estate planning is probably not the most important thing in your life. However, if you're seriously ill, and/or unusually wealthy, estate planning might be a priority for you.

If you are unmarried, but have a life partner in Menlo Park, California, estate planning is crucial, if you wish for your life partner to be treated as if he or she were your spouse (to the extent possible). In such a case, the estate plan should make arrangements to give your life partner power of attorney in case you become incapacitated. Your will should also precisely include your partner (if you wish for them to inherit any of your assets).

Other groups for whom estate planning is very important in Menlo Park, California are people who are elderly and/or have a lot of assets. This may be the time in one's life where estate planning is most important. While it's true that the process of making an estate plan requires a person to deal directly with the reality of their own mortality, it is very important if you value the security that comes with the knowledge that your family will be provided for.

Do I Need a Menlo Park, California Estate Planning Attorney?

Because estate planning can be a perplexing process, the expertise of a good lawyer in Menlo Park, California who specializes in wills, trusts, and estates can make the process a great deal easier.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Menlo Park

Menlo Park, California is a city in San Mateo County, in the southern portion of the San Francisco Bay Area, commonly known as "Silicon Valley," due to the large number of high-tech companies located in the area. Menlo Park currently has a population of about 32,000 people.

Menlo Park first got its name in the 1850s, when some of the original settlers to found the city named it after Menlo, Ireland, their hometown. Many people assume that, because Menlo Park is home to many innovative high-tech companies, it is named after Menlo Park, New Jersey, where inventor Thomas Edison did much of his work. However, the name predates much of Edison's work, and the fact that both cities are known for technological innovation and share the same name is a coincidence.

Many large law firms have offices in Menlo Park, thanks to the presence of a large number of high-tech companies.

Thanks to its vibrant and sophisticated business environment, there are many Menlo Park, California attorneys who can handle a wide range of complex cases. If you are in need of legal services, there's almost certainly at least one Menlo Park, California lawyer who can help you with whatever legal issue you might face.

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