CERTIFIED SPECIALIST, ESTATE PLANNING, TRUST AND PROBATE LAW, STATE BAR OF CALIFORNIA BOARD OF LEGAL SPECIALIZATION
411 BOREL AVE. STE 600
SAN MATEO, CA 94402
Answers at a Glance
Why do I need an Estate Plan?
Even if you have no property to speak of, you need to have documents that give someone else the power to handle your finances and/or make health care decisions for you if you are incapacitated mentally or physically.
What is the difference between a Revocable Trust and an Irrevocable Trust?
A Revocable Trust can be revoked by the person who created it (the “settlor”) during the settlor’s lifetime. An Irrevocable Trust cannot be amended or revoked by anyone, including the settlor, independent of court action.
If there is a significant difference in the level of wealth or responsibilities between the two who are marrying, or if both parties have children from former marriages, a freely entered legal contract clarifying their respective financial commitments can be important.