Estate Planning Basics Attorney in San Mateo, California
What are some of the issues you see arise from a lack of proper estate planning?
What are some of the issues you see arise from a lack of proper estate planning?
More In This Category
View Transcript
00:00
[Music]
00:04
frequently people who maybe early in
00:07
life don’t have large estates and don’t
00:09
have a lot of assets may not be
00:11
concerned about having a trust for
00:13
example or an estate plan and maybe
00:15
toward the end of the life they die
00:17
without an estate plan or they try to do
00:19
their own and in such cases mistakes
00:22
happen an estate plan that is done
00:24
without an attorney is more vulnerable
00:26
to an attack by a contestant who can say
00:29
this isn’t what the decedent wanted and
00:31
there may be no one to defend the
00:34
document such as a drafting attorney
00:35
would in normal circumstances so that
00:38
can be one significant problem other
00:40
problems are that the decedent may make
00:42
mistakes in how they describe who should
00:45
receive the gifts and in that case it
00:47
can lead to litigation
00:49
finally the decedent may fail to
00:51
properly put their assets into a trust
00:53
for example in which case there can be
00:55
litigation about whether or not the
00:57
decedent wanted certain assets to be in
00:59
the trust so essentially an experienced
01:02
estate planning attorney will go through
01:04
all these possible scenarios with a
01:06
client and avoid all these questions
01:08
litigation can still arise if the
01:10
decedent leaves out a child for example
01:13
and leaves them with nothing in such
01:15
cases it may be more prudent to think
01:18
about leaving some gift to the child
01:21
sufficient that the person won’t want to
01:23
challenge the trust so there’s a lot of
01:25
different ways that estate planning
01:26
attorneys can head off litigation by
01:28
careful planning
Contact Jeffrey Loew
Email This Lawyer
(650) 487-8593
See All This Lawyer's Videos
Visit Lawyer's Website
San Mateo, CA estates & probate lawyer Jeffrey Loew talks about the common issues he sees arise from a lack of proper estate planning.
