True or False: Estate Planning Is Only for the Wealthy?

So that is false.

Estate planning is not just for the wealthy. Estate planning is actually for everybody.

Truly anyone who is an adult person living in this country should have some kind of estate plan in place. Whether that is a basic power of attorney and healthcare directive or something a little more complex, like those things, but a will or a living trust. Everybody needs something.

And many people, you know, do actually need a living trust. You know, living trusts are a very common estate plan that folks have, especially here in California. And you really don’t need to be wealthy, per se, to have a trust. Depends on your specific situation. But that kind of concept that you have to be a millionaire or a billionaire to have something like a living trust really is just not true.

So, thanks for watching, and we’ll see you later.

Read more about this topic on our blog: Are Trusts Strictly for the Wealthy

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Miranda Dressler

Miranda has been practicing law since 2009 and has been with our office since 2017. Since graduating from the University of California, Hastings College of Law, she has practiced in both criminal and civil contexts. However, she has found her true passion in working with clients in estate planning, probate, and trust administration. She is frequently a featured speaker for our educational workshops, including Trustee School Read More

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