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Should I Have Named Both of My Children Jointly as My Successor Co-Trustees?
Trusts are an important part of estate planning. They can also be one of the trickier aspects of estate planning. It doesn’t have to do with setting up a trust and naming trust beneficiaries. It has everything to do with naming successor co-trustees, specifically naming more than one of your children. Your trust attorney in…
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Your Duty as Successor Trustee
If you’ve been appointed as a successor trustee it means that the grantor trusts you with all the important aspects of their life should they become incapacitated or when they die. It’s an important role with important responsibilities. If you’re about to appoint a successor trustee, it’s a good idea to discuss their exact duties…
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Who Can Be a Beneficiary of a Trust?
Trusts are part of estate planning. They serve as a secure holding pen where the trust creator transfers assets that are then protected from certain things like lawsuits. A trust attorney in Orange County will help you create a trust agreement that fulfills your wishes and meets state and federal requirements. There are different types…
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Benefits of a Revocable Trust
Estate planning isn’t only something that takes care of your family after you die. You can set up a revocable or revocable living trust that protects your assets before your death and benefits your family afterward. A trust attorney in Orange County will give you all the advice you need to create a revocable trust…
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Why Probate a Will? 3 Reasons to Do it Now Before it’s Too Late
Do you need to probate a will? Planning for the future is one of the most responsible and caring acts you can undertake for your loved ones. It involves creating a legally solid and valid will that not only ensures your final wishes are clear but also serves as a means to save your family…
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Finding a Missing Living Trust
It takes several regular meetings with trust lawyers in Orange County or other legal professionals to plan assets and create a trust. But all of that is worth it when that living trust comes into action. However, it’s very possible to misplace the actual physical copy of a trust document. Section 15800 of the California…
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The Top 5 Tasks of a Trustee
A trustee is someone who steps in and manages a trust after the death or incapacity of the trust creator. If you need help with your duties as a trustee, look for an Orange County estate planning attorney who can help you understand the tasks at hand and how to manage them. There are a…
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How To Secure Your Estate Plan
A study conducted by Merrill Lynch in 2019 found that almost half of all Americans over the age of 55 did not have a will. To top it off, for those that did have an estate plan, less than 20 percent had all of the recommended documents. Work with a reliable Orange County estate planning…
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Estate Planning Mistakes You Need To Avoid
This year’s COVID-19 pandemic has left many people wondering what would happen to their family should an unexpected illness arise, or the unthinkable occurs and a family member passes away. Therefore, it is important to prepare your plan with an Orange County estate planning attorney. Unfortunately, there are many families that will be subject to…
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How to Determine the Value of Your Estate
When you meet with an Orange County estate planning attorney, one of the tasks involved in the discussion s determining the value of your estate. This could be to better plan your own estate or to place value on the estate of a loved one after they’ve passed on. Doing so can help determine potential…
