Garee T Gasperian

Have you ever asked your spouse, "What will happen to our children if something happens to us?" Do you want to protect your family from the stress and cost of probate court after you die? Young parents often believe that there is no way they will die and leave their children in the care of the state of California, but it happens every week. Those parents failed to assign a guardian to take care of their children in a formal legal document.

You can never predict what life will bring, but you can ensure that your children will receive the love and financial resources they deserve in the case of an unforeseen accident. Preparing these documents will give you peace of mind that you have done everything possible to take care of your children. Without a will or estate plan, much of your wealth, including your home, belongings, and your investments may be taxed at a rate of up to 60%.

If you wish to minimize the amount of estate taxes that your family will pay, then a living trust may be the right option for you.