Do you have grandchildren graduating this summer? Are you financially stable and want to make gifts for your graduates? In this blog, OC Wills & Trust Attorneys will explain estate planning gifting strategies and address the tax and legal issues of making significant gifts.
When Do You Want to Make the Gift?
When making...
Matters to Review When Gifting to Grandchildren for Graduation Continue reading…
Estate Planning Tips for Unmarried Couples
Unmarried couples do not receive the same protections from the law as married couples and face a different set of legal challenges, which makes estate planning even more important. An estate plan can provide assurance that your assets are distributed and end-of-life decisions are carried out in accordance with your wishes. In this...
Estate Planning Tips for Unmarried Couples Continue reading…
Choosing the Best Estate Planning Attorneys in Orange County
Choosing the right estate planning attorney can be daunting enough for you to even pull off creating your own estate plan. But we’re here to remind you not to let this get in the way because it's a critical part of preparing for your family’s future. More importantly, it’s essential for the future of...
Choosing the Best Estate Planning Attorneys in Orange County Continue reading…
Will Vs. Trust: What’s the Difference, and Which One Do You Need?
Finding an estate planning attorney you can trust to create an estate plan can help you stay in control over what happens to your assets after you pass on. One doesn't have to be wealthy to have an estate plan. Even if you are of modest means, you have an estate and should...
Will Vs. Trust: What’s the Difference, and Which One Do You Need? Continue reading…
The Essentials of Estate Planning
What areas should my estate plan cover?
Estate plans have an important purpose: to protect your assets and your family in the event of your incapacity or death. Though not pleasant to think about, creating a comprehensive plan to manage unpredictable future occurrences is a gift for those you love. Not only will it...
Planning for the Needs of Disabled Children
If your child has a disability, you are not alone. According to the US Census Bureau, more than three million children (4.3% of the under-18 population) in the country had a disability in 2019, which is up 0.4% higher since 2008. Medical care and long term treatment can be terrifically expensive. One way...
Planning for the Needs of Disabled Children Continue reading…
Why an Estate Plan Update Should Be at the Top of Your Moving To-Do List
Schedule movers. Update your mailing address. Update your driver’s license. Update your vehicle tags. Does this sound familiar? If so, it is likely you just moved and it reads like part of your moving to-do list. While these are all important matters to check off, there is an often overlooked, but very...
Why an Estate Plan Update Should Be at the Top of Your Moving To-Do List Continue reading…
The Importance of Having a Durable Power of Attorney in Place for Aging Parents
As we age, our needs change. Sometimes, they change slowly and progress over time. Other times, our aging loved ones needs advance quickly and they need more assistance right away. In either case, having a comprehensive estate plan in place that includes important legal tools for protecting your aging loved one and...
The Importance of Having a Durable Power of Attorney in Place for Aging Parents Continue reading…
How Is Property Transferred at Death?
What happens to your property after you die? Well, that really depends on what plans, or lack thereof, you have in place for it. Without any planning, your property will be distributed to your heirs according to the state’s intestacy laws. To die intestate means to pass away without a will. Generally...
How Is Property Transferred at Death? Continue reading…
I’m Not Rich. Do I Need an Estate Plan?
“Why would I estate plan if I don’t have anything of value?” You may have heard this as a common reason people give in regard to why they do not have an estate plan in place. Unfortunately, it is a common misconception that estate planning is only for the wealthy. This...
I’m Not Rich. Do I Need an Estate Plan? Continue reading…
