Estate Planning Archives - Morgan Law Group

The Future of the Federal Estate Tax- 2021 and Beyond

The IRS recently announced the 2021 federal estate tax rate limits, which are $11.7 million for individuals and $23.4 million for married couples. This is increased from $11.58 million and $23.16 million respectively in 2020. Under this new guidance, wealthy Americans will be able to leave up to $23.4 million to their heirs without being subject to federal estate tax rates, which top out at 40%. The federal gift tax exemption will …

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Estate Planning and Divorce: What to Know | Orange County Will and Trust Lawyer

Estate Planning, Uncategorized, Wills / By michelle

As an Orange County will and trust lawyer, I know that estate planning offers legal protection for families and individuals through all of life’s transitions. Using tools such as wills, trusts, powers of attorney, and healthcare directives, estate planning helps individuals protect their wishes, safeguard their assets, and ensure provision and care for their loved …

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Orange County Estate Lawyer Answers, “Is it Power of Attorney…Or Taking Advantage?”

Estate Planning, Power of Attorney / By darlynn

A power of attorney is a legal agreement that allows one adult, the agent, to make legal and financial decisions on behalf of another, the principal. As an Orange County estate lawyer, I help people create power of attorney documents so that someone of their choosing can speak for them if they should become incapacitated …

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What Happens If Someone Dies Without a Will? Introduction to California Intestacy Law.

Estate Planning / By darlynn

Dying intestate, or without a will, is unfortunately very common. If you die without a will, your property will go through a court process called probate and will ultimately be distributed according to California’s intestacy laws. Here are some common events that may happen if you die intestate: Your immediate next of kin, whomever they …

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COVID-19 Highlights Critical Need for Advance Healthcare Directives

Estate Planning / By darlynn

With new cases of COVID-19 currently surging in dozens of states, doctors across the country are joining lawyers in urging Americans to create the proper estate planning documents, so medical providers can better coordinate their treatment and care should they become hospitalized with the virus. The most crucial planning tools for this purpose are medical …

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Ask Our Orange County Trust Lawyers: “Is It Hard to Sell Property That’s in a Revocable Living Trust?”

Estate Planning / By darlynn

A common question that Orange County trust lawyers are asked when helping clients create their estate plans is, “how hard will it be to sell my house if I put it in a trust?” The simple answer is that it’s not hard at all. In most cases, the grantor (or trust maker) also serves as …

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Newport Beach Estate Lawyer: What Should I Do If the Bank Says My Power of Attorney is ‘Too Old’?

Estate Planning, newport beach estate planning attorney, Power of Attorney / By darlynn

While a power of attorney (POA) technically does not expire unless it’s revoked by the person who created it, you may run into a situation where a bank or a brokerage firm refuses to accept the document because it’s “too old.” You may also hear the phrase, “the document is stale.” So, what does this …

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Black Panther Star Chadwick Boseman Died Without A Will

Estate Planning, Wills / By darlynn

On October 15th, nearly two months after the death of Black Panther star Chadwick Boseman, his wife, Taylor Simone Ledward, filed documents with the Los Angeles probate court seeking to be named administrator of his estate. Earlier this year, Boseman and Ledward were married, and the marriage gives Ledward the right to any assets held in Boseman’s …

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Newport Beach Estate Planning Lawyer: Which Type of Power of Attorney is Best for Your Needs?

Estate Planning, Power of Attorney / By darlynn

Most people have a basic understanding of what a Power of Attorney does. However, not all Power of Attorney documents are the same, and the rights you are afforded depend on how the document is created by a Newport Beach estate planning lawyer. Let’s start first with the basics: a Power of Attorney is a …

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Orange County Trust Lawyers: What Records Should I Keep as a Successor Trustee?

Estate Planning, Orange County Wills and Trusts / By darlynn

Stepping into the role of Successor Trustee after the incapacitation or death of a loved one is a big job that can feel scary and overwhelming for someone who has never served in such a capacity. Orange County Trust lawyers understand that it can be equally unnerving to learn that the Trustee can be held …

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