Top Estate Planning & Probate Attorney Sam Price Reveals Essential Checklist To Build A Good Estate Plan – Redlands, CA

Leading Estate Planning Attorney R. Sam Price, founder of Price Law Firm, APC in Redlands, CA, outlines that a good estate plan is only effective if it has a firm foundation. For more information please visit https://pricelawfirm.com

Redlands, California, United States – February 28, 2023 —

A practical and robust estate plan must have good foundations and clear directions to stand the test of time, Estate Planning Attorney Sam Price has asserted.

For more information please visit https://pricelawfirm.com

The Founder of Price Law Firm, APC, in Redlands, CA, has advised hundreds of clients on the best approach to achieve a good estate plan that will smoothly transition assets to family members.

In an interview this week, he said: “The starting point is to have a will or trust that sets out the main components of how assets will be divested and to which beneficiaries. The wording is critical in the document and should convey a person’s wishes.”

Any plan must have a power of attorney, or executor, enabling a trusted person assigned by a family member, spouse, or attorney to act in their interests and ensure estate details are followed. “Without a power of attorney, a court could be forced to assign someone to consider what happens to your assets, instead.”

A power of attorney will take critical steps to protect a person’s assets and provide for family members if they cannot do that themselves someday. A medical power of attorney should be assigned to make healthcare decisions if they become incapacitated and can no longer make decisions independently.

Mr. Price said that it is ideal to have a backup or contingent executor or beneficiary if circumstances change. Additionally, ensure all insurance policies and retirement plans have named beneficiaries.

A letter of intent – one left to an executor about any assets or funeral arrangements – should be included as this will help if there is a challenge in asset distribution.

Where children are minors; an estate plan should carefully set out their futures regarding who should care for them legally and how they should be financially provided for out of the estate.

Mr. Price added: “An estate plan contains many streams of information and documents. But ticking off this essential checklist will give you peace of mind. Keep it current to reflect changing circumstances and speak to beneficiaries about your plans.’’

“Essential to that is seek advice from an estate planning attorney to ensure the plan you want is the plan you get.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Sam Price
Email: Send Email
Organization: Price Law Firm, APC
Address: 454 Cajon Street, Redlands, CA 92373
Phone: 909-488-4110
Website: https://pricelawfirm.com

Release ID: 89090915

If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.