Los Angeles seniors may believe that estate planning is too complicated, but it may be handled by a simple will. Basic steps can help to establish a solid plan for the inevitable and help to keep the family assets in the hands of the heirs. The will is the backbone of the estate plan and reflects the basic wishes of the incapacitated or deceased.
Recent studies have shown that only one-third to one-half of the population actually has a will or any kind of plan for their end days. Simple steps can be taken to correct that if plans are needed. First, a will is needed so that the state does not make the decisions about who gets what. This includes children if no provision has been made for their care. Leaving such crucial family decisions up to the state is unnecessary if it is specified in the will.