Everyone has an estate. Yes, your estate is everything you own – your car, home, bank accounts, investments, life insurance, furniture, and more. And the truth is, no matter how large or modest, you own an estate that covers possessions you cannot take when you die.

Indeed, the only way to put everything in order, and legally, is through estate planning. It is crucial to ensure you distribute your estate according to your wishes. The earlier you do estate planning in Encinitas, CA, the better.

Part of your estate planning in Encinitas, CA, is to be familiar with documents that you need to work on, and some of these are the following:

Will. Also known as a last will, it is a legally binding declaration of how you want to distribute your property and assets after death. Why is it crucial to your estate plan? Because it ensures that your wishes are carried out accordingly and can make things easier for your heirs – it helps avoid trouble among them that would otherwise end up in a legal battle.

Trust. Unlike a will that takes effect only when you die, a living trust goes into effect immediately after you sign the document. It is a legally binding arrangement that allows you to transfer ownership of your assets to a trust account. You assign a trustee to be responsible for the assets in the account on behalf of the beneficiaries.

Powers of attorney. In a nutshell, a power of attorney is a legal document that gives a person the power to act for another, known as the agent or attorney-in-fact. This document generally authorizes the agent to represent you in case of temporary or permanent illness or disability or when you cannot sign the necessary documents. There are four primary powers of attorney: general, durable, limited, and medical (ask your estate planning attorney to learn more about their differences.)

Are you looking for a reputable attorney to help you in your estate planning in Encinitas, CA? Look no further than the Law Offices of Ronald Webb. Call today at (858) 558-1191 for your inquiries.