Best estate planning attorneys Orange County by Darren Veracruz Law: Living Trusts: Having a legal document that details what should happen to your assets upon your demise is a vital part of estate planning. One way to make sure that your final wishes are met is to create a living trust. There are three distinct benefits of creating a living trust; avoiding probate, saving money and maintaining the privacy of your estate. Probate Administration: Administering the estate of a person transferring their assets with a will or those dying without estate planning documents has benefits but the process is complicated and time consuming. We can help you understand your choices. See even more info on Darren Veracruz Attorney.
If you have a minor child and no will, or a will that has no age restrictions, in most states that child will receive their entire inheritance at age 18. Although this is the legal age, not many 18-year-olds are mature enough to responsibly manage a large inheritance. There have been many heartbreaking tales of parents who have failed to plan for their own death, resulting in a child receiving all of their inheritance at age 18 and spending it all in a few short years.
Trust & probate legal services Orange County with Darren Veracruz right now: The first document that every 18-year-old should have on board is a Durable Power of Attorney for finances. This document allows the designated agent to make financial decisions and manage accounts, among other things financial in nature, should an incapacity strike or it can be made effective immediately in the event a child is studying abroad. Sometimes parents need to sign financial documents for a child when their child is in another country or even sometimes in another state. We recommend two different types of power of attorney.
LSSSC has been awarded fee for service contracts and grants for almost thirty years. Over this period, the agency has prudently deployed and allocated public dollars to provide vulnerable populations with vital services such as: Permanent Supportive Housing; Transitional Housing; Rapid Re-Housing; Homelessness Prevention Services; Street Outreach; Emergency Shelter; and Critical Needs for and on behalf of government agencies such as Housing and Urban Development, Department of Education, CDBG, ESG, USDA, and EFSP in Southern California.
Individuals and families who choose online estate planning services also seldom think about other very common scenarios that require careful consideration and planning such as family business successions; blended marriages; children with substance issues, etc. A well-designed estate plan makes sure that your resources get where you want them and that they are used in the way you instruct. When it comes to estate and financial planning, there is no way to compare online plans to professionals because they aren’t offering the same service. The good news is that we are here to help you out. We offer transparent and fixed fee pricing and can guide you to a specific plan that will work for you. See even more info on https://www.youtube.com/channel/UCa17ImAzsQuHbrLY-s2FO4g.
Gun ownership is a serious matter and responsible gun owners should proactively plan for their transfer upon death. Laws and procedures for transferring ownership and possession differ greatly depending on the type of firearms involved and the state. In California, you may be required to register the transfer of ownership or even dispose of it depending on the firearm. Here is a California checklist to help your trustees and personal representatives to transfer your firearms.