The phrase estate planning may sound like an exercise for the very rich but thanks to the complicated nature of the us legal system even people with modest assets need a written document or will that specifies how those assets will be distributed upon their death. Estate planning entails the legacy you would like to leave through your will as well as giving consideration to the establishment of trusts and the needs of your beneficiaries be they majors or of minor age the estate planning process generally starts with the drafting of your will. Everything you need to know about estate planning create a will living trust power of attorney or living will and learn how to avoid probate and estate tax or act as an executor p wills trusts probate nolo. A will is a device that lets you tell the world whom you want to get your assets die without one and the state decides who gets what without regard to your wishes or your heirs needs. Estate planning wills and trusts important the california attorney general does not give legal advice to individuals if you are trying to decide how to provide for the distribution of your assets or care of your children after you die and you need legal assistance you should hire your own lawyer or not to create a trust is a personal
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