newport beach estate planning attorney

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As tax laws have evolved over the years, some tools of estate planning have become outdated.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 …

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Newport Beach Will and Trust Lawyers: 5 Estate Planning Must-Haves

Newport Beach Will and Trust lawyers in Newport Beach are often asked by their clients to explain what comprises a basic estate plan. Unfortunately, there’s no simple answer to this question because an estate plan all depends on the situation and the needs of the individual. For instance, a basic estate plan for one person …

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Newport Beach Estate Planning Attorney: Can I Use a Revocable Living Trust for Asset Protection?

Trusts are excellent legal tools that can be used to accomplish most estate planning and asset protection planning goals. The most common type of trust is a Revocable Living Trust, which will hold your assets and help avoid the Orange County probate process when you pass away. However, as a Newport Beach estate planning attorney, …

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Newport Beach Estate Planning Lawyers Outline The 5 Most Infamous Estate Planning Battles

When done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their descendants. But sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a good idea of …

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estate planning essentials

Newport Beach Will and Trust Lawyer: What Property Should Be in a Living Trust?

If you are reading this blog, you probably already decided that you want to create a living trust with a Newport Beach will and trust lawyer to avoid probate and put a quick end to the estate administration process. You might also have decided that you want your estate and the decisions you made about …

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Newport Beach Estate Planning Lawyer: How to Use Trusts to Protect Your IRA from an Irresponsible Child

A lot of parents come into our Newport Beach estate planning law firm with mixed feelings passing on the balance of their retirement accounts to their children when they die someday. On one hand they are proud of the money they have saved over their lifetime in an IRA; on the other hand, they worry …

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Estate Planning When You Have No Heirs | Newport Beach Will and Estate Lawyer

It’s entirely possible for someone to have an estate and no one to inherit it when they die. It could be due to not having children of one’s own and no other family. It could also be due to outliving all of one’s relatives, or not having relatives who live in the United States. Whatever …

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Newport Beach Estate Lawyer: Understanding General POAs vs. Limited POAs

As a Newport Beach estate lawyer, I know that it can be difficult to plan for the future, especially for a time when you’re not able to make certain decisions for yourself. The idea can be tough to swallow, even if you’ve experienced it with older relatives and know of the possibilities. However, planning ahead …

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Newport Beach Will and Estate Lawyer: “Millennials Need Estate Planning, Too!”

As a Newport Beach will and estate lawyer, I often hear the myth that estate planning is only for rich or older people who have children. Unfortunately, this misconception is why many people without children, or people just starting out without a lot of money, assume incorrectly that estate planning is not necessary. Right now, …

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Ask a Newport Beach Estate Planning Lawyer: “I Just Discovered A Long-Lost Sister. Can She Inherit Dad’s Estate?”

This may sound like a situation for a movie, but our Newport Beach estate planning lawyers have actually received a few calls like these. A long-lost child appears after the death of their parent. This is an alarming situation for so many reasons, but people often wonder if that child has a claim against the …

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