Estate planning in California is a crucial process for protecting your assets and ensuring your wishes are carried out after you’re gone. At Legal Cali, we’re committed to helping you navigate the complexities of California law in estate planning.

Key Aspects of Estate Planning under California Law:

1. Wills California law requires that a will be in writing, signed by the testator (or by someone else in the testator’s presence and at their direction), and witnessed by at least two people. Holographic (handwritten) wills are also valid under California law if they meet specific requirements.
2. Trusts Living trusts are popular in California estate planning as they can help avoid probate. California law allows for various types of trusts, including revocable living trusts, irrevocable trusts, and special needs trusts.
3. Probate California law mandates probate for estates valued over $166,250 (as of 2021), unless the assets are held in a trust or have designated beneficiaries. The probate process in California can be lengthy and expensive, which is why many opt for trusts in their estate planning.
4. Community Property California is a community property state, which significantly impacts estate planning. Generally, assets acquired during marriage are considered community property and are owned equally by both spouses.
5. Advance Health Care Directive Under California law, this document allows you to designate someone to make healthcare decisions for you if you become incapacitated.
6. Power of Attorney California law recognizes durable powers of attorney for financial matters, allowing you to appoint someone to manage your finances if you’re unable to do so.
7. Transfer on Death Deeds California law allows for transfer on death deeds for real property, which can help avoid probate for these assets.
8. Estate Taxes While California doesn’t have a state estate tax, federal estate taxes may still apply to larger estates.

Key Considerations in California Estate Planning:

1. Asset Protection California law offers various strategies for protecting assets from creditors and lawsuits.
2. Blended Families Special considerations are needed in estate planning for blended families under California law.
3. Business Succession If you own a business, California law provides options for including it in your estate plan.
4. Charitable Giving California law allows for various charitable giving strategies in estate planning.

At Legal Cali, our experienced estate planning attorneys can help you:

1. Create a comprehensive estate plan tailored to your unique situation
2. Navigate the complexities of California probate law
3. Implement strategies to minimize taxes and avoid probate
4. Ensure your estate plan complies with all relevant California laws

Estate planning in California requires careful consideration of state-specific laws and regulations. By working with knowledgeable professionals, you can create a plan that protects your assets, provides for your loved ones, and ensures your wishes are respected.

If you need assistance with estate planning in California, don’t hesitate to contact Legal Cali. We’re here to provide expert guidance and personalized solutions to secure your legacy under California law.