Newport Beach is a coastal city located in Orange County, California. It's known for its beautiful, sandy beaches and ocean waves. Newport Harbor is mostly used for recreation today, but once supported maritime industries.
With the average age of Newport Beach residents being 27% higher than the state's average at 46 and many of those residents having families, it's important to safeguard your future and work with an experienced Newport Beach wills and trust attorney. Read more about newport beach estate planning attorney.
Estate planning is essentially creating a plan for the transfer of your property and assets after your death. Your estate consists of all the property you own.
While many people believe that estate planning should only happen after you retire or when faced with a terminal illness or injury, the reality is that an accident or other situation can arise without warning. The prudent thing is to have the documents in place before they are needed.
Estate planning is best done by an experienced estate planning lawyer in Newport Beach while you’re legally competent and in good mental health. Your estate plans should be reviewed and updated throughout your life.
A Newport Beach living trust lawyer can help you make a plan catered to your individual needs to determine who will inherit from you and who will settle your affairs when you’ve passed away.
If you don’t work with a Newport Beach wills attorney or create a written will or trust, your estate will go through probate where the court will decide who inherits your property.
A Newport Beach wills lawyer will help you ensure that your family is taken care of and won’t have to go through a draining probate process.
If you own your home or any other real estate or have more than $150,000 in assets, your estate will be subject to probate if you do not have a will or trust. Probate will determine who is the rightful heir to your estate.
Instead of letting the courts decide for you, it’s best to ensure your family’s future without you by working with a Newport Beach probate attorney who can help you ensure who gets your property.
However, if you’re already going through a probate process or will soon, you need the help of experienced Newport Beach probate lawyers that can help expedite the process through the court system.
Trustees typically have a lot of responsibilities after someone has passed away. An experienced trust administration lawyer in Newport Beach can help guide the trustee through the process and assist with collecting the assets and distribution.
