There’s this mistaken notion that estate planning lawyers in Newport Beach often have to confront that the only people who need their services are the very wealthy. After all, the word “estate” conjures up images of mansions nestled among perfectly-manicured gardens alongside a garage filled with priceless automobiles. The average American simply doesn’t have an […]
As a nation we celebrated Veterans Day recently to honor our service men and women. We hope you enjoyed gathering with friends and family with a grateful heart towards our military men and women. In keeping with this theme, the ElderCounselorTM will focus our attention this month on Service Pension benefits, which are available to […]
As grieving families wait for news about the fate of their loved ones aboard flight 370 out of Malaysia, many are also receiving the frustrating news that their loved one’s “missing person” status may have created an estate planning nightmare that the family was not prepared to handle. While laws vary from country to country, […]
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.
Any trust and estates lawyer in Newport Beach can tell you that they have to ask their clients a lot of very uncomfortable questions. Who really wants to think about their own mortality and contemplate what life will be like for their families after their own death? But, by facing these thoughts and questions, you are actually able to have far more of a say in what will happen than you would by avoiding the topic altogether.
Last year’s uncertainty about the future of the estate and gift tax caused many people to put their estate planning on hold. Now that the clouds have lifted and Congress has given us clarity, there is simply no reason for anyone to delay in implementing these five estate planning essentials.
This may not be top-of-mind, but updating your will is extremely important if you are going through a divorce. Having your assets go to your ex can be like adding insult to injury…and can tie up your estate for years to come.
There’s little doubt that working with an estate planning attorney is a great approach to protecting your assets and your beneficiaries from excessive taxation. Residents of Orange County rely on these professionals to help them discover what strategies they can use to legally avoid paying more taxes than are necessary.