California Revocable Living Trust and Estate Plan Checkup

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Happy almost 2016! As another year soon unfolds before us we both reflect on where we have been and look forward to where this winding patch is taking us. If you are anything like me, there are a few things you resolve to accomplish in the coming year that you just didn’t quite get around to in 2015.

For many people, estate planning is one of the items that lurks on the periphery of the subconscious “to do” list that we all harbor. While it may seem daunting, the estate planning process is straight forward and once completed, can be checked off that list to make room for other more exciting activities, such as cleaning out the rafters in the garage.

To make it easier on you, I compiled a list of estate planning issues to check on (and check off) in the new year.

Do you have a revocable trust? ( and is it up to date?)

A revocable living trust is crucial to avoiding the legal procedure equivalent of water boarding that is the California probate process. Make sure that all of your assets are currently held in the name of the trust.

Do you have a will nominating guardians for minor children?

It is vitally important to ensure that your children are raised by people (or a person) you choose.

Is your advance healthcare directive current?

In my opinion, a properly executed advance healthcare directive is even more important that a trust. Put your health and personal care wishes in a valid legal document to ensure that they are carried out.

Did you create a durable power of attorney for financial management?

More than 75% of people that pass away do not have legal capacity to make decisions at the time of their death. Make sure to appoint an agent to make financial, tax, and benefit decisions on your behalf.

Are your beneficiary designation forms current?

Retirement accounts, pensions, life insurance policies, and annuities are passed to others through a beneficiary designation form. Make sure that they reflect your current wishes. It is possible to designate a trust as a beneficiary so that the assets will be distributed according to the trust distribution scheme.

Going through this five point checklist will ensure that your assets are properly protected and that your wishes are carried out should anything happen to you. If you need assistance, give me a call. I am happy to help. In a couple of short meetings uncertainty can be traded for peace of mind. Wishing you and your family a happy and healthy 2016 from the Law Offices of Daniel L. DuRee.

Daniel DuRee

Daniel DuRee

Daniel is a Bay Area estate planning and living trust attorney who understands not just the legal issues, but also the complex family dynamics involved in the estate planning and living trust process. His articles have been published in the San Jose Mercury News, Contra Costa Times, Community Focus, Clayton Pioneer, and Martinez Gazette.
Daniel DuRee

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5 San Francisco Bay Area Offices

Walnut Creek
Estate plans and living trusts

1535 North Main Street, Suite 240
Walnut Creek, CA 94596

(925) 210-1400

(925) 210-1400

Mountain View
Estate plans and living trusts

800 West El Camino Real, Suite 180
Mountain View, CA 94040

(650) 933-7122

(650) 933-7122

San Mateo
Estate plans and living trusts

951 Mariners Island Blvd, Suite 300
San Mateo, CA 94404

(415) 373-8335

(415) 373-8335

San Francisco
Estate plans and living trusts

75 Broadway Street, Suite 202
San Francisco, CA 94111

(415) 373-8335

(415) 373-8335

Marin County
Estate plans and living trusts

700 Larkspur Landing Circle, #199
Larkspur, CA 94939

(415) 373-8335

(415) 373-8335

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I was impressed

I was impressed with not only Daniel's knowledge of living trusts but also with how he listened closely to our needs and helped us understand the (complicated) issues in plain English. These are great traits for an attorney. I would definitely go back to Daniel for estate planning needs and will recommend him to others in the future.
- Bryan P.
Overall rating: ★★★★★ 5 based on 1 reviews
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