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Estate Planning: Estate planning should be done with the help of an experienced estate planning attorney. It is especially important for large estates, for families with young children, for families that include former spouses and children from previous marriages, and for individuals in non-traditional relationships. Assets can be passed from a decedent to his heirs at death by:

  1. Will
  2. 2) Contract (such as payment-on-death and transfer-on-death accounts)
  3. Titling (such as joint tenancy) and trusts

In California, estates over $150,000 in value must pass through probate, generally an expensive and time-consuming procedure. Assets transferred through contract, title, or trusts do not pass through probate; instead, they transfer directly to the named beneficiary, joint owner, or trustee. Beneficiary designations for retirement plans or other assets transferring by contract should be reviewed periodically to insure that they are current, and should include at least one contingent beneficiary. Estate planning strategies include gifting during life, various trust arrangements, and life insurance. Living wills or advance directives, durable powers of attorney (including one for health care) and letters of instruction are additional estate plan components.

If you'd like to receive more information about our Tax Preparation Service, please complete this form.

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Young Wealth Management is based in Davis, California. We work with clients in the greater Sacramento area and throughout California to provide comprehensive financial planning and tax-related services.

We offer an initial consultation at no charge to determine how we can best serve you. If you would like more information, please call our office or fill out this form and let us know how we can assist you.

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Young Wealth Management

502 Mace Blvd Suite 5,
Davis, CA 95618
T: (530) 231-5152 (Davis)
T: (916) 418-0375 (Sacramento)
F: (866) 222-0252
E: kevin@youngwealthmanagement.com

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