Your estate plan is more than just a legal vehicle through which you transfer assets to your loved ones after your death. The method you choose to accomplish this overarching goal communicates to your heirs and beneficiaries your values. Ensuring any estate plan reflects your goals is important, but with a dynasty...
Category: Estate Planning
Thinking of Naming Minor Children as Beneficiaries of Your Life Insurance Policy? Think Again
Having life insurance can help give you peace of mind in the event of your untimely passing, especially if you have young children. The proceeds from your life insurance can help support your children and protect their future.
If you’re trying to do right by your kids, you might...
End-of-Year Checklist: Essential Items You Need to Include in Your Estate Plan
Creating an estate plan isn’t usually a one-and-done event. Estate plans require occasional reviews with an estate planning attorney to ensure documents are accurate and continue to reflect your desires. The end of the year is the perfect time to go over your estate plan and make any necessary changes.
How Bank Accounts Pass on to Beneficiaries When Your Loved One Passes
There are many things to think about when you lose a loved one, including what happens to their money. A person’s bank account may be subjected to any number of withdrawals, distributions, or changes in oversight depending on how they had their account set up and whether they chose a beneficiary or...
4 Strategies to Ensure Your Legacy Is Protected for Multiple Generations
As the saying goes, Rome was not built in a day. Similarly, your wealth and assets likely did not appear overnight. It took years of hard work and smart investments for you to accumulate your property, and you understandably want yourself and your loved ones to enjoy the fruits of your labor.
Charitable Giving: Dos and Don’ts During the Holidays
The holiday season is a time for giving thanks and giving back, and this is reflected in the fact that the last two months of the year are when most charitable giving occurs.
As you age, it is natural to want to give more of your assets away...
Passing the Family Business Down to the Next Generation: Tips for Owners
For many family business owners in Orange County, the prospect of passing the business down to the next generation is not just a financial decision, but also an emotional one. At OC Wills & Trusts, we understand the importance of preserving your legacy while ensuring a smooth transition. This guide offers essential...
Just Married: Do We Need an Estate Plan?
Congratulations on your marriage! This exciting new chapter brings many changes, and among them should be a discussion about estate planning. At OC Wills & Trusts, we often advise newlyweds to consider their estate plan as a key step in safeguarding their joint future. An estate plan is not just a...
Estate Planning Topics to Discuss with the Family Over the Holidays
The holidays are a time for family, gratitude, and often, meaningful conversations. At OC Wills & Trusts, we recommend using this family gathering as an opportunity to discuss estate planning. While it might seem like a heavy topic for a festive occasion, it’s a rare chance to have everyone together, making...
Essential Estate Planning Documents for When Your Child Turns 18
As a parent, one of the most significant milestones is witnessing your child turn 18. At OC Wills & Trusts, we understand that this is not just a coming-of-age moment, but also a critical time for considering essential estate planning documents. While it may seem premature, having these documents in place ensures...