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ESTATE PLANNING
Jacqueline Skay is Certified by the State Bar of California as a Specialist in Estate Planning, Trust and Probate Law.
Estate planning involves the management of your assets while you are alive and the distribution of those assets after you pass away. Assets, life insurance, pensions, real estate, cars, personal belongings and debts are all part of one's estate. Please check the Glossary for terms that are commonly used. They may have special meanings under the law.
Estate planning involves the management of your assets while you are alive and the distribution of those assets after you pass away. Assets, life insurance, pensions, real estate, cars, personal belongings and debts are all part of one's estate. Please check the Glossary for terms that are commonly used. They may have special meanings under the law.
While You Are Alive
If you become incapacitated, physically or mentally, proper estate planning can insure your estate will be managed for your benefit by the person(s) or entities of your choice, rather than by a court-appointed Conservator. This can be done by creating a revocable trust with a successor trustee named to take over management of your trust assets and by executing a durable power of attorney, naming an "attorney in fact" to take over non-trust business, such as completing insurance, retirement, social security and IRS forms.
After You Pass Away
Proper estate planning can insure the estate remaining at the time of your death is transferred efficiently and economically to the beneficiaries you have designated, in the manner and time frame you have designated. Again, with proper planning this can be done by your designated trustee, without the necessity of court proceedings.
If you become incapacitated, physically or mentally, proper estate planning can insure your estate will be managed for your benefit by the person(s) or entities of your choice, rather than by a court-appointed Conservator. This can be done by creating a revocable trust with a successor trustee named to take over management of your trust assets and by executing a durable power of attorney, naming an "attorney in fact" to take over non-trust business, such as completing insurance, retirement, social security and IRS forms.
After You Pass Away
Proper estate planning can insure the estate remaining at the time of your death is transferred efficiently and economically to the beneficiaries you have designated, in the manner and time frame you have designated. Again, with proper planning this can be done by your designated trustee, without the necessity of court proceedings.
Current and future clients should review the Estate Planning Checklist as a way to take inventory of their estates. When this form is completed, the process of planning your estate will be much easier.
The form should be reviewed and updated at least annually and whenever substantial changes occur in your circumstances or your wishes to maximize your planning strategy.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
Copyright 2023 © by Jacqueline M. Skay. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement.
Copyright 2023 © by Jacqueline M. Skay. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement.