Tag Archives: trusts

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 Asset Protection Attorney: 3 Things You Need to Know About Irrevocable Trusts

By Orange County Asset Protection Attorney Darlynn Morgan Irrevocable trusts are almost certain to come up when you talk about estate planning and asset protection planning strategies with an attorney. These special types of trusts are used by estate and elder law attorneys to protect property and assets from lawsuits, creditors, predators and even nursing […]

What You Need to Know About Terminating a Bypass Trust

As tax laws have evolved over the years, some tools of estate planning have become outdated. What was once beneficial to a surviving spouse may no longer be the best option. A bypass trust, combined with a survivor’s trust to form what’s known as an AB trust, is often used by affluent couples as a […]

Orange County Trust Lawyer on How to Create a Business Succession Strategy

As an Orange County trust lawyer, I can confidently say that small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. But did you know that 9 out of every 10 small businesses are family-owned, and more surprisingly, that most of those […]

Orange County Trust Lawyer: How to Safely Leave an Inheritance to an Adult Child with Substance Abuse Problems

By Orange County Trust Lawyer Darlynn Morgan Just about everyone knows or loves someone with a substance abuse problem. The detrimental effects impact many facets of American society. Sadly, we are seeing an upswing in the number of clients that have to deal with a loved one’s substance abuse in their estate planning. Most parents […]

Orange County Trust Lawyer: Protect Your Family from Privacy Intrusions and Scam Artists When You Are Gone with a Living Trust

As an Orange County trust lawyer, I’ve found that most people do not understand the serious privacy intrusions that their family can face if they die without a Living Trust. Here in California and across the country, if you pass away without a Living Trust, all of the details about your family’s inheritance and what […]

Orange County Trust Lawyer: You May Need Two Guardians for Your Minor Children

People often struggle with deciding who will serve as guardian for their minor children if they pass away. We’ve walked hundreds of Orange County families through this process. Sometimes, the family situation requires naming not just one guardian, but two. If you leave your children a substantial inheritance, it will be necessary to name a […]

IRA Inheritance Trust May Be Just What You Are Looking For – Or Not! | Orange County Trust Lawyer

When it comes to estate planning, you have a LOT of options. There are several legal tools that can be put in place to protect your loved ones after you pass away. One valuable tool I use an an Orange County trust lawyer is an IRA inheritance trust. If you opened an IRA, you most […]