Estate Planning In Moreno Valley, California
In Moreno Valley, 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 persons have quite 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 especially, 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 Moreno Valley, California?
Obviously, this depends on your needs, which you will have to figure out for yourself. Some usual considerations in making this decision, however, are your health, age, and the amount of assets involved.
Unmarried young adults usually don't think much about estate planning. In most cases, this is fine. Unless you are very sick or have an unusually large amount of assets, estate planning is not something to really worry about at this point in your life.
There is one group of unmarried people for whom estate planning in Moreno Valley, California is absolutely necessary: adults who are not married, but have a life partner who they'd like to provide for in the event of death. There are many rights that automatically attach with marriage, such as the right to inherit if a spouse dies without a will, the right to make medical decisions for the other spouse if they become incapacitated, etc. If you and your partner are, for whatever reason, unable or unwilling to get married, you will have to take various steps to secure these rights, such as authorizing power of attorney, and writing them into your will.
Other groups for whom estate planning is very important in Moreno Valley, 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.
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Do I Need a Moreno Valley, California Estate Planning Attorney?
In Moreno Valley, California, estate planning is rarely simple, even if it's not the most confusing thing in the world. Given the importance of what's at stake (the financial security of your loved ones), a good estate plan is essential, as is the help of an attorney who specializes in wills, trusts, and estates law.
Estate Planning Attorneys in the Largest CA Cities
Life in Moreno ValleyMoreno Valley sits in the Southwestern region of California near Riverside. As the second largest city in Riverside County, Moreno Valley plays host to the March Air Reserve Base and a number of its personnel. The base has been in and out of commission training pilots for the World Wars but has been very active since. It's also the top employer in Moreno Valley with over 9,000 employees. The other top employers include the Moreno Valley School District, Riverside County Regional Medical Center, and the expansive Moreno Valley Mall. The Moreno Valley Mall is home to some of the best shopping in Riverside County with a number of boutique and different designer stores.
The City of Moreno Valley is known for its diversity. After World War II a number of Central American and Latino groups moved to the area to take advantage of the available suburban housing. There are still a number of Mexican American shops catering to Latino immigrants. Additionally, the African American population in Moreno Valley has risen 15% since 2002 with more and more families seeking to get out of Los Angeles city limits. There are a number of Moreno Valley festivals like Cinco de Mayo.
Moreno Valley is a diverse community that also plays host to many knowledgeable lawyers who are familiar with Riverside County and California State courts and cases like criminal cases, divorce, personal injury, and wrongful termination lawsuits. Since residents come from so many different places, Moreno Valley lawyers are also well acquainted with U.S. Immigration Courts and procedures.