Posts Tagged ‘Estate Planning Strategies’
Is Your Estate Plan Updated for the New Year?
You should check your estate planning documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an estate-plan check-up every five years…
Read MoreSkipping Probate in Orange County? Here’s What Will Happen
Probate in Orange County is a process in which a court decides whether a will is valid or not. It’s also legally required in most cases for the management and distribution of a decedent’s assets with or without a will. This definition suggests that if you are skipping probate, there’s no way to legally transfer…
Read MoreThree Options for When You Inherit Your Parent’s House
Typically, adult children have three options when they inherit a house from their parents: they can move in, sell, or rent it out. If you and/or your siblings inherit your parent’s house and don’t really know what to do, we’d suggest contacting an estate planning attorney to determine which of the following solutions is right…
Read MoreTips for Talking to Loved Ones About Estate Planning
Two of the most uncomfortable topics for almost any family to discuss are money and death. As a result, conversations about estate planning often don’t happen until it’s too late. As an Orange County estate planning attorney, I realize that there is never an easy time to bring up such sensitive topics, but the sooner…
Read MoreHow a Pour Over Will Works with a Living Trust
While most people have heard of a basic Last Will and Testament, they may not know what a Pour Over Will is and how it works with a Living Trust. As an Orange County will lawyer, I’d like to explain this estate planning tool. Essentially, a Pour-Over Will is used in conjunction with a Living…
Read MoreWhat the New SECURE Act Means for Your Retirement Accounts
On December 20, 2019, President Trump signed into law the SECURE Act (Setting Every Community Up for Retirement Enhancement), which was included in a last-minute appropriations bill designed to avert a government shutdown before the end of the year (updated March 29, 2022 to SECURE 2.0 Act). The new law will now affect how individuals…
Read MoreStrategies to Help Your Family Avoid Orange County Probate Court After You Pass Away
Strategies to Help Your Family Avoid Orange County Probate Court After You Pass Away Even those who don’t fully understand the probate process are pretty clear about the fact that they want to avoid it. As an Orange County probate lawyer, I see so many cases where probate could have been shortened or avoided altogether…
Read MoreDo You Own Rental Property? How Proactive, Comprehensive Estate Planning Can Help You Protect It
A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets – such as life insurance, retirement funds, and annuities – should also be considered…
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