Category Archives: Estate Planning

COVID Pandemic Preparation: 5 Estate Planning Essentials for Every Adult

With the number of COVID-19 cases in America increasing exponentially, people across the country are preparing themselves for every possible scenario. As a result, many estate planning attorneys are being inundated with calls and emails about how to plan for this type of pandemic. While the following five tools are essential for estate planning at […]

3 Ways Your Child’s Spouse Can End Up with the Family’s Money

By Orange County Estate Attorney Darlynn Morgan It’s not inherently bad if your son-in-law or daughter-in-law receives your child’s inheritance; after all, he or she is part of the family. Ideally, if an in-law ends up with the family’s money (say your adult child passes away first), it’s always the hope that the in-law will […]

Worried your children will be unmotivated after receiving an inheritance? Orange County Trust Lawyers encourage parents to consider this estate planning tool

Self-made billionaire Warren Buffet once famously said, “Leave your children enough money so they can do anything, but not enough that they don’t have to do anything.” Commodore Vanderbilt’s grandson, an heir to some $60 million in 1885, also once declared that “inherited wealth is as certain death to ambition as cocaine is to morality.” […]

Newport Beach Trust Lawyer: Understanding the Responsibilities of a Trustee

Whether you’ve been asked to be the trustee of a loved one’s trust or you’re in the process of choosing someone to act as your own trustee, it helps to understand what is expected of a trustee. Being a trustee involves a lot of responsibilities, often on both a short-term and long-term basis. Keep in […]

Orange County Trust Lawyer: Why Every Small Business Owner Needs an Estate Plan

Creating and building a successful business is an incredibly difficult undertaking – and maintaining that success is usually even more challenging. Protecting that success, however, is a different story entirely. You must consider what will happen if you die or become incapacitated, if your business will be subjected to estate taxes once you pass away, […]

Millennials: Use These Estate Planning Strategies to Address Your Unique Needs | Newport Beach Estate Planning Attorneys

If you’re in your twenties or thirties, you’ve probably heard about the importance of creating Wills and Trusts… but maybe you think you’re too young for estate planning or that you don’t have enough assets yet to justify putting a plan in place. But, Newport Beach estate planning attorneys will tell you that it is […]

Newport Beach Estate Lawyer: Where Should I Store My Original Estate Planning Documents?

After you complete the process of creating an estate plan with your Newport Beach estate lawyer, you’ll want to give serious thought about the place where you will store your original documents. Unfortunately, if your original documents can’t be found after you pass away, it will be presumed that you died without leaving a will […]

Mental Health and Health Care Directives: Everything You Need to Know

Health care directives, which include the Living Will, Health Care Agent Designation, and HIPAA Medical Release, are necessary components of any estate plan. Health care issues occur more and more as we age, so it’s important to have the proper legal documentation in place to ensure we get the care we need. However, mental health […]

5 Common Estate Planning Mistakes and How to Avoid Them

Since estate planning involves thinking about death, some people think they can put it off until their senior years or simply ignore it all together until it becomes too late. This kind of unwillingness to face reality can create major hardship, expense, and mess for the loved ones and assets you leave behind. While not […]

Orange County Trust Attorney: 5 Steps to Create a Revocable Living Trust

A revocable living trust is the perfect document to protect your privacy, avoid probate, and leave someone you trust in charge of managing your affairs if you become incapacitated or pass away. It’s an essential element for estate plans and gives the trust maker, also known as the Grantor, the peace of mind that their […]