Did you know that the State of California already has an estate plan for anyone who fails to prepare or update one for themselves… and it doesn’t protect you or your loved ones in the way you would want?
It is essential that you feel confident and sure about the estate plan you have in place and we can help!
Imagine the peace of mind you will have when your estate plan (Will and Trust) is completed and your assets and family are protected and safe.
Setting up a trust is an excellent way to protect your assets and ensure that you can pass them to your loved ones, according to your wishes, after your death. An Orange County trust lawyer can help explain your options, make sure that you have everything set up and in line with the legal requirements in California and your county, and support you as you make vital estate planning decisions.
A trust helps set up legal protections for specific assets and ensure their distribution according to the wishes of the person who owns those assets. It can also aid in the distribution of assets after death, since a trust helps reduce paperwork and even helps reduce inheritance taxes. A trust sets up a third party, referred to as the trustee, to hold assets for specific beneficiaries according to the wishes and desires of the party that created the trust. The assets will be released according to the wishes of the person that creates the trust.
There are several common types of trusts to take into consideration when creating your estate plan. An Orange County trust lawyer can help go over your options for creating a trust and which one will most likely work best for your needs, usually based on your specific plans for your estate.
Trust-based estate planning can offer several key benefits as you manage your assets.
An Orange County trust lawyer can help create the terms of your trust and ensure that you are able to effectively meet your needs. A trust attorney, or estate planning attorney, can:
A good estate planning lawyer is also essential to ensuring that your trust is in compliance with state and local laws.
Do you need an Orange County Trust lawyer? Look for a lawyer who:
Are you ready to start creating your estate plan in Orange County? Do you need help setting up a trust? We can help. Contact us today to schedule a planning session to discuss your estate plan.
Estate planning is an essential part of life so that you can ensure your assets end up in the right hands when you are gone. A will is one powerful estate planning tool that people use to plan. An Orange County will lawyer has the knowledge and expertise to help you create a will that includes your needs and goals related to the distribution of your assets after you pass.
A will is a legal document that explicitly states who will inherit your personal property after your death. Those who you designate to inherit your property are called beneficiaries. A will includes the designation of one or more beneficiaries and often an executor, a person you designate to manage the distribution of your personal property to your beneficiaries. Creating a will provides those left behind with a clear view of your wishes and intent, making it less likely that your property will end up in the wrong hands and people you trust will care for your minor children.
A living will, legally referred to as a health care directive or advance directive, provides instructions to family members and physicians for your end-of-life medical care. An experienced estate planning attorney can also help you create a living will, but it is a different document than a last will and testament which deals with the distribution of your personal property.
Your will can include property and assets that are part of your estate. Most wills include instructions about the distribution of one or more types of the following property:
If you have children under age 18, you can also designate one or more guardians to take care of them until they are adults in the event of your death. You can also designate the guardian(s) to manage your minor children’s assets.
On a broad level, having a will allows for easier distribution of your assets and property to your beneficiaries and provides care for minor children. Specifically, creating a will as part of your estate plan:
Creating a will protects your property and assets and ensures they go the beneficiaries of your choice. Although an attorney is not necessary, it’s best to consult with a will lawyer. Orange County will lawyers have specialized knowledge about California law and how it applies to estate planning. They can reduce your stress, help you plan how to distribute your property best, and prevent your beneficiaries from having grounds to contest your will by creating a solid document without loopholes.
As you search for an Orange County will lawyer to help you create your will, you want to find the best attorney possible. The best Orange County will attorney for you will understand your needs and guide you on the best path for distributing your assets. Additionally, they can let you know which property you should include in your will and which property you should leave in a trust or another estate planning vehicle.
Contact us today to schedule a planning session to discuss your will and what estate planning tools are best for you.
First, you’ll attend a planning session with us to discuss your child’s needs and your options.
We’ll identify what legal strategies will work best for your family to create a customized plan.
You’ll have peace of mind knowing that your family and assests are protected from unforeseeable circumstances.
No one wants to think about getting seriously ill or dying, but these are scenarios we must prepare for to protect ourselves, our loved ones, and our money, especially during the pandemic. With courts closed and hospitals prohibiting loved ones from sitting by your bedside, we will show you step by step how to legally formalize your wishes and ensure they will be followed, bringing you total protection and peace of mind!
Create an estate plan with the Meier Law Firm today.
Our overall experience was one of satisfaction as well as a learning experience. The people at The Meier Law Firm are extremely knowledgeable within Family Trust planning. They did a good job of explaining each step of the process in a manner that we could understand. They were always punctual when meeting with us, and the meetings were always concise and comforting. They were also pleasant and friendly.
My brother had lost his living trust documents. Suddenly, we found out he has stage 4 cancer. We called Meier and they were able to put together an updated trust in less than a week. Everyone at the firm was wonderful and caring. Melanie was our attorney. If you are looking for a caring, honest law firm, Meier is the one for you!
Our experience with the Meier Law Firm was positive from our first meeting with Jessica, through the final product we received last week. Very professional yet personable. Every question was answered & suggestions made to simplify our Trusts. Their attention to detail gave us confidence in their work.
We were introduced to Meier Law Firm through a learning session at our daughter’s school district. We eventually decided to establish a family trust, as well as a special needs trust, through their firm. The team at Meier Law Firm were professional and incredibly responsive to our family’s needs. I highly recommend their legal services.
Just thinking about creating a trust or a will can be overwhelming. But Meier Law Firm makes it easy. They tell you what you need to know, ask all of the right questions, & provide great practical suggestions along the way that go far beyond the legal checklist. Highly recommend them for personal, professional service to deliver what you need in a timely manner.
Not only do they provide expert guidance; they will walk the journey with you step-by-step to help with your family trust. They execute at high levels, are very responsive, and deliver the optimal results within difficult situations. You definitely want Meier Law Group on your side of the table. I give my highest recommendation!
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In Good Parents Worry, Great Parents Plan, estate planning attorney and mother Laura Meier shows you the legal and practical steps you must take to protect your children from temporary foster care, courtrooms, loss of inheritance, and other turmoil most kids experience when their parents pass away.
“Laura Meier’s The Family Nest Egg gives parents the tools they need to find confidence, stop worrying, and secure the financial future for their loved ones. Laura’s real-life stories and actionable advice make this read a trustworthy resource for budgeting, investing, and preparing for a financial crisis.”
California permits handwritten wills, also called holographic wills. You do not even need a witness to sign your holographic will. However, it’s not the best idea to handwrite your will. It’s best to create a formal, printed will signed by two witnesses. It’s difficult to prove the validity of a handwritten will after someone has passed. Additionally, none of your potential heirs can claim you were not of sound mind or under the influence of someone else when you create a formal will.
The most significant limitation for property included in a will is shared property or property that does not belong to you. You can only leave property that you fully own to your beneficiaries. Additionally, you cannot leave shared property to your heirs. For example, if you own a home or business with someone, your partner will typically receive the asset because of their right to survivorship. You cannot leave the property to someone else in your will.
You can write your will without an Orange County will attorney, but it’s not generally in your best interest. Lawyers have specialized knowledge that ensures they draft sound legal documents, including wills. If you choose to write your will without the help of an experienced attorney, you risk your heirs fighting over your assets and potentially finding a loophole in the document to contest your will.
People choose to set up a trust for a variety of reasons. Most commonly, they will set up a trust to help bypass probate, decrease estate taxes, and get assets in the hands of their beneficiaries sooner after their death. Setting up a trust can make life easier for your beneficiaries, especially if you have considerable assets that you have to take into consideration. You might also want to set up a trust to:
A trust does have some disadvantages, which you should carefully consider before creating a trust. An Orange County trust lawyer can help go over the potential disadvantages ahead of time, which may help you make a decision that better fits your needs.
While you do not legally have to have an attorney to set up a trust, most people find that hiring a lawyer is very advantageous. A lawyer can help ensure that your trust is set up properly and in accordance with your wishes, avoiding potentially high costs and unintended consequences later.
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