It seems that nearly everyone is interested in the lives of the British royal family, and now estate planning lawyers have theirs piqued, too. In September, Prince Harry—Princess Diana’s youngest son—turned 30. With his birthday came access to the rest of his inheritance from his late mother. It’s not his birthday that is of such […]
Asset protection has become a common goal of estate planning. Asset protection trusts come in many different forms and can be used to protect property for your use and benefit as well as for the benefit of your family. In this issue you will learn how you can easily integrate asset protection trusts into your […]
In the previous part of this series, we looked at three of the documents that a Newport Beach estate lawyer would most recommend for a new, young professional: Beneficiary Designations Financial Power of Attorney Medical Power of Attorney There is one other must-have document for the young professional, however. Last Will and Testament Wills Now […]
It seems that most of the time that we hear about prenuptial agreements, it’s when some celebrity split is splashed across the tabloids. What you don’t usually hear about are the Orange County prenup lawyers who are charged with making sure the stars are covered in the case of a high-profile divorce. The “prenup,” as […]
We’ve pretty much all heard about “bucket lists,” but that term can take on a little bit of a different meaning when you’re an Orange County estate planning lawyer. We deal with the reality every day that life is fleeting, and it’s our goal to help clients to maximize what they are able to leave […]
No one likes to think about the possibility of their own disability or the disability of a loved one. However, as we’ll see below, the statistics are clear that we should all plan for at least a temporary disability. This issue of The ElderCounselorTM examines the eye-opening statistics surrounding disability and some of the common […]
On the final day of the 2012 NAELA Annual Conference in Seattle in April, Attorney David A. Cechanowicz, JD, MSFS from Albuquerque, New Mexico, delivered an eye-opening presentation entitled “Maximizing Social Security Income for Dual Income Boomers.” His message was so novel and surprising to many of the boomers and other members of the National […]
When an Orange County elder lawyer’s clients enter a hospital or other medical facility, they have the peace of mind that comes from knowing their healthcare wishes will be made clear to the staff. This is because the attorney and the client were able to sit down and go through various situations and scenarios to put together a personalized healthcare directive. When you don’t have one of these in place, the hospital will likely ask you to use their forms to create something similar.
Whether you’re famous or not, you may have reasons for wanting your private information to stay—well—private. Unfortunately, when your estate goes through the probate process in Orange County, there is little to no privacy afforded to you or your loved ones.
Wills and trusts are two very important tools that the client and lawyer can create to protect that future. As important as that initial meeting is, however, there is still a need to follow up regularly to keep your wills and trusts updated and reflecting your current situation.