A trust is an estate planning tool that holds assets to be distributed after you die.  Most people think that you must be wealthy to benefit from the use of a trust in an estate plan. This is not the case, as there are many different types of trusts.  Some estate...

Revocable living trusts  are estate planning tools that have become very popular in recent years mostly because of the financial advantages they offer.  A trust is a vehicle in which property is held for the benefit of another person.  A living or inter vivos trust is one created during an individual’s...

The Supreme Court has ruled in the case of Clark v. Rameker that inherited IRA's (i.e. and IRA/401k account that you receive from your parent's estate) do not have the same creditor protection as an employer funded 401k or a self funded IRA.  As a result, the funds held in an inherited IRA's can be...

Happy 2014!  Now that you've rung in the new year with a bang, it's time to get your to-do list of resolutions out and start acting on them! 2014 is a year of big changes in the legal world, so we here at OC Wills & Trust Attorneys encourage you to stay on top...

The Wall Street Journal has a great article on the 25 most important documents you need to have before you die. I highly recommend you reading the whole article as they make some great points. THE ESSENTIALS: Will Letter of Instruction Trust Documents BANK...

Check us out on Nelson Radio! Brian talks about the things we need to be aware of if a living trust is not set in place. What if something were to happen to you tomorrow? What then?

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People tend to think that you have to be married in order to have trust. However, unmarried couples should also have living trusts. 

For married couples, a basic joint living trust is common and will meet all their needs. Both spouses will have control over the whole...

Nelson Radio is a great radio channel focusing on Real Estate, Business, and Financial Law. Tune in every Saturday from 2-3 pm PST and learn from different experts and speakers on essential topics that every person should know about their estate, business, or just finance in general. 

 

 

We were featured on the June episode,...

We’ve all heard the claims that we’re an instant gratification society.  We drive thru windows for sustenance, find our new homes virtually without crossing the threshold and diagnose our ailments with the help of our handheld devices.  So why then would it not make sense to use a quick and easy online service to...

What happens to my share of the Estate if my spouse remarries? This is a common concern for married couples with joint properties and assets. 

Generally, in a revocable living trust for a married couple,...