There are things you can do to ease the legal pain that your loved ones may suffer after your death.
The first thing you can do is understand the legal terminology. Know what these terms mean: will, trust, health care directive, power of attorney, beneficiary forms, estate taxes, and probate.
Once you understand them, you will have a better idea of what to do so that it is easier for your heirs once you are gone.
One thing you may want to do is leave your home to your heirs, says an article on benzinga.com. This an be accomplished in a number of ways, including putting your home in a trust.
Of course, you can look all these terms up, but a consultation with an estate planning attorney is probably the best way to go to understand what it is you need to know in planning for after you are gone.
If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.
