Palmer Rodak & Associates
Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal SpecializationServing your Community for 19 Years
Parle Français • Habla Español • Farsi • ASL
View Our Practice Areas
In this Section

What are the key elements of a good estate plan?

If you are considering creating an estate plan in California, you should know there are certain key elements that must be included to ensure your plan is sound. Failure to include these elements can lead to heartbreak down the line, and may also leave your assets at risk.

As stated by Forbes, there are several important considerations to make when creating your estate plan. For instance, if you have a blended family (meaning that there are children from previous marriages that must also be included), you’ll need to take steps to ensure that all family members have equal representation within estate plan documents. Failure to do so could lead to challenges to your estate plan after you’re gone. Wills may be subject to probate if your family disagrees with how assets are dispersed, and this process can be long as well as costly.

You should also consider who is best to manage your affairs if you become incapacitated by illness or injury. This person will oversee your financial affairs if you are no longer able to do so, and without a person in place the court will be forced to decide. It’s also recommended that you clearly spell out what you mean by incapacity to ensure there is no confusion.

Lastly, if there are very young children in your family who will be receiving an inheritance, it’s best to set up an outline of how they will receive this money. This goes along with another important consideration when it comes inheritances; every child should be looked at on individual basis. This is especially true if any of your children have special needs, which will entail financial support for medical care and other essential services. 

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Experienced Attorneys You Can Trust

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal Specialization

Del Mar Office
445 Marine View Ave Ste 300
Del Mar, CA 92014

Phone: 858-356-4568
Del Mar Law Office Map

Oceanside Office
301 Mission Avenue Suite 205
Oceanside, CA 92054

Phone: 760-712-3889
Oceanside Law Office Map

Make a Payment