Creating plans regarding the distribution of one's assets can be a daunting and time-consuming endeavor for many individuals. However, because of the current state of affairs in California, if a person dies without creating such a plan, his or her friends and family members may be faced with some difficulty. An estate attorney might be able to help a client create a strategy that considers a number of different factors.
The benefits of drafting an estate plan are numerous. In addition to providing a way for a person to avoid excessive tax penalties on certain assets, an effective plan might also streamline the estate administration process for any beneficiaries. A plan might also help an estate save money and could provide additional privacy to the person devising the documents.