• Facebook
  • Youtube
  • Linkedin
  • Twitter
  • Instagram
  • Vk
Call Us At: (408) 553-0801
Lonich Patton Ehrlich Policastri
  • Home
  • About
    • Why LPEP
    • Our Attorneys
    • Locations
      • San Jose
      • Santa Cruz
    • Testimonials
  • LPEP Spotlight
  • Practice Areas
    • Family Law
      • Annulments
      • Certified Family Law Specialists
      • Child Custody and Visitation
      • Child Support
      • Divorce and Your Estate
      • Divorce Litigation
      • Divorce Planning
      • Domestic Partnerships
      • Domestic Violence
      • Enforcement and Modifications
      • Extramarital Affairs
      • Grandparents’ Rights
      • Harassment
      • Legal Separation
      • Mediation and Collaborative Divorce
      • Parental Relocations
      • Paternity
      • Postnuptial Agreements
      • Prenuptial Agreements
      • Property Division
      • Restraining Orders
      • Same Sex Divorce
      • Spousal Support and Alimony
    • Estate Planning
      • Business Succession Planning
      • Power of Attorney
      • Probate
      • Trust Administration
      • Trust and Probate Litigation
      • Trusts
      • Wills
  • FAQ
    • Estate Planning FAQ
    • Family Law FAQ
  • Blog
  • Pay Now
  • Resources
    • Family Law Resources
    • Estate Planning Resources
  • Contact Us
    • Careers
  • Get a Free Consultation
  • Menu
Woman in Field With Daughter at sunset, importance of estate planning
Michael Lonich

Why Is Estate Planning Important?

July 19, 2022/in Estate Planning /by Michael Lonich

Oftentimes, estate planning can be misconstrued with needing to have a substantial amount of wealth – but that is not the case. Estate planning is a great way to make sure that your wishes are carried out regardless of your financial status. Protecting your assets and loved ones is essential in understanding the importance of estate planning and preserving your legacy.

Here are a few reasons why everyone, including you, should consider the importance of estate planning:

– It’s Not Just a Will

An estate plan is more than a will. While it is an avenue for people to understand how your assets should be handled, it is also much more than that. An estate plan can assist in helping your family understand what treatments you do, or don’t, want if you are unable to advocate for yourself. It is also a clear way to designate who should receive which of your monetary assets, including retirement accounts.

– It Saves Time and Money

Since the primary function of an estate plan is to provide instructions for beneficiaries, it can be hard to do so without one. If your estate plan does not exist, your assets can then be liable to distribution by the state. This can often involve the lengthy process of the state identifying your assets and then determining who they should belong to. Additionally, there are a lot of financial and tax rules that apply to assets once they no longer belong to you. Estate plans can help you navigate and understand taxes ahead of time so that the burden doesn’t fall on your loved ones.  The only person who knows who your assets should go to is you. Making an estate plan saves those around you the mystery of what your wishes would be.

– It Protects Your Family

An estate plan allows you to have control, which means it can also help protect your family. Since estate plans provide a clear directive, it helps keep a lot of confusion away from your heirs. Reflecting on your assets and the people in your life that they should go to is a great way to keep things up to date. Without a directive, it can be difficult for those around you to understand what should go to who. Additionally, estate plans are a directive toward guardianship of children under the age of eighteen.

Get an Experienced Estate Planning Attorney on Your Side

While it can be difficult to think of the inevitable, by having an estate plan, you can feel confident that your wishes will be carried out. Estate plans put you in control, giving you the peace of mind that a decision has been made. LPEP law has helped hundreds of people like you to put things into perspective and understand the importance of estate planning. Our estate planning attorneys make the process as seamless as possible, guiding you every step of the way. When you’re ready, call us at 408-553-0801 to get started.

Michael Lonich

Avatar photo

Specializing in Divorce and Estate Planning, I am San Jose Attorney, Michael E. Lonich; and I have been battling for client’s rights for nearly 40 years. When focusing on divorce, child custody, and related matters, I know all too well the emotional and financial toll divorce has on clients. Integrity, common sense, and a passion for what I do which guarantee the best possible results for my clients. Resolution of family law issues requires an attorney able to navigate the myriad legal and emotional issues presented in cases. Financial issues, child custody, domestic violence, valuation of property, analysis of RSUs, hidden assets, spousal and child support, all may require trial, mediation, or a collaborative effort with the parties. Regardless, each client gets the individualized attention they require. Every family law case is unique, we partner with you to develop a comprehensive approach to get the best results.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on Linkedin
  • Share by Mail
https://www.lpeplaw.com/wp-content/uploads/2022/07/ParentWithDaughter-1.jpg 487 1200 Michael Lonich https://www.lpeplaw.com/wp-content/uploads/2021/05/LPEP_PC.png Michael Lonich2022-07-19 20:18:562023-03-20 21:23:54Why Is Estate Planning Important?
Learn more about estate planning with a free resource
Read all about family law and child custody
Learn more about family law matters such as private divorce counseling.

Categories

  • 2021
  • 2022
  • 2023
  • Business Law
  • Estate Planning
  • Family Law
  • Firm News
  • In the Community
  • News
  • Personal
  • Probate
  • Spotlight

Posts From The Past 12 Months

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022

Explore Our Archives

Free 30-Minute Family Law or Estate Planning Consultation

2 + 1 = ?

Link to: Contact Us

Contact Us

LONICH PATTON EHRLICH POLICASTRI

1871 The Alameda, Suite 400, San Jose, CA 95126
Phone: (408) 553-0801 | Fax: (408) 553-0807 | Email: contact@lpeplaw.com

Located in San Jose, Lonich Patton Ehrlich Policastri handles matters for clients in northern California, specifically San Jose and Silicon Valley. Our services are available to anyone within the following counties: Santa Clara, San Mateo, Contra Costa, Santa Cruz, Monterey, and San Benito. For a full listing of areas where we practice, please click here.

DISCLAIMER

This web site is intended for informational purposes only and is not legal advice. Nothing in the site is to be considered as either creating an attorney-client relationship between the reader and Lonich Patton Ehrlich Policastri or as rendering of legal advice for any specific matter. Readers are responsible for obtaining such advice from their own legal counsel. No client or other reader should act or refrain from acting on the basis of any information contained in Lonich Patton Ehrlich Policastri Web site without seeking appropriate legal or other professional advice on the particular facts and circumstances at issue.

About | Why LPEP | Contact | Blog

© 2023 Copyright Lonich Patton Ehrlich Policastri. All rights reserved. Privacy Policy

How Do Judges Determine Child Custody? Mother granted full child custody holds son's hand, determining child custody Couple considers a postnuptial agreements after walking down the aisle 5 Facts About Postnuptial Agreements
Scroll to top

LPEP COVID-19 Office Protocol