Estate planning is about making decisions and preparations for your properties and affairs, considering your eventual death or potential incapacity. It is crucial to have an estate plan because, without one, the government will impose its plan on your estate.

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Estate plans are typically either will-based or trust-based. A will-based estate plan uses a Last Will and Testament to distribute properties through probate, a court process that settles the estate and transfers properties to heirs. Probate can be lengthy and costly, which is why many people prefer to avoid it. A trust-based estate plan, on the other hand, uses a Living Trust to transfer properties without the need for probate.

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If you have not created your own estate plan, Jai Castillo Law can help you explore the best options to suit your needs and objectives.