Creating A Will & Trust In Your 30s & 40s in Roseville
Updated: Aug 3, 2022
First Let's Bust The Myths About Estate Planning When You're Young
Ok, we know what you're thinking. Estate planning in your 30's and 40's? I'm not old enough, I'm not rich enough and I'm not gonna die anytime soon.....
Well think again. Yes you're in the prime of your life. Yes you're still probably working on your spending habits at The Roseville Galleria and The Fountains. Yes you still may be paying off your student loans. While it may be true that you may not have built your empire yet, you should consider the fact that estate planning can protect what you do have from loss in the event you're disabled and not just your untimely passing. We hate to be morbid, but being in a car accident, having a stroke, developing a chronic illness or being incapacitated are also events to consider for your estate plan. Moreover, if you're building a family in the greater Roseville area, just as important as having life insurance, is setting up guardianship provisions for your young children.
Minimum Assets Recommended to Create A Will & Trust with An Estate Planning Attorney in Roseville, California
Believe or not, but there is no minimum asset requirement to create a will with an estate planning attorney in Roseville. You may want to create a will to leave precious family heirlooms, prized possessions and to outline who should be your successor to take over your burgeoning business.
To create a trust with a Roseville attorney, the minimum asset amount recommended is $150,000. With current housing prices and the supply shortage skyrocketing the price of cars at the Roseville Auto Mall and elsewhere, you may easily meet this requirement.
The Ultimate Emergency Contact: Deciding Your Designated Medical Decision Maker
Consider this scenario. There's a car accident and you don't have an estate plan, or an advanced healthcare directive, your spouse or parents are unavailable and your co-worker is now in the position to decide if you get emergency surgery or not. No matter how old you are, everyone needs someone designated to make medical decisions for you when you cannot speak for yourself. And it shouldn't necessarily just be the last person in your call log.
Making these kind of decisions and documenting them are vital. Having it in writing is all a part of the buttoned-up estate planning binder of documents and flash drive you'll receive when you establish your will and revocable living trust with the highest rated estate planning attorney in Roseville, Richard W. McGinnis. With a perfect 5-star rating on Yelp, Google, Facebook and elsewhere, he is the go-to guy for estate planning in Roseville.
In The Best Interest of The Children: Outlining Child Custody in Your Estate Plan
Last but not least, if you have kids, probably the most important provision of your estate plan is deciding who will care for your children after your passing. Who would have your children's best interest at heart? Who has the same parenting styles? How will they be provided for when you're no longer physically able to do so, while you're still living or not? These are all decisions you're able to level-headedly decide in advance in the absence of a tragedy.
So if you're ready to take the leap, get some peace of mind and finally check estate planning off your to-do list, click here to request a free estate planning consultation today with Roseville attorney Richard McGinnis, you won't regret it.
Available virtually or in-person by appointment Monday – Friday from 8 am to 4 pm. Set up your appointment today. 916-784-6377.
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