The benefits of sound estate planning are many.
When it comes to thinking about their heirs, most planners across Alameda County and the Bay Area likely focus most of the time on matters relevant to asset transfer and inheritance. That is certainly understandable.
We have noted in past blog posts of our Alameda County estate planning firm that standardized strategies and outcomes in the estate administration realm are both illogical and impossible.
"When an old man dies, a library burns to the ground."
A recent Investment News article makes the central point that life never does stop being complicated for some retired individuals and families.
A recent media report on estate planning and administration cites to a whopping $30 trillion or so (yes, that's with a "t") in assets that is expected to be passed along from baby boomers to their heirs over the next few decades.
If you're like a lot of people, you feel pretty good in the wake of working with an experienced estate administration attorney to craft what you believe is a future-oriented plan that makes sense and will well protect your loved ones.
There are certainly lots of reasons why a motivated individual or family might want to get started on implementing a sound estate plan to prepare for the future.
A recent Forbes article on estate administration notes that sound and timely planning is a smart strategy for a person "no matter what his or her level of worth."
There's an irony central to family life that is highlighted in the parent/child dynamic. And it is underscored in the role reversal that often takes place among family members.