Estate planning law firm Orange County by Darren Veracruz Law 2023
Top rated estate planning law firm Orange County from Darren Veracruz Law: Comprehensive Estate Planning: Every person needs an estate plan but the complexity of the plan depends on the specific circumstances. Some individuals may need limited documents to transfer their personal property to their loved ones. Others may need living trusts and even other business entities. Whatever your situation, we can help you plan for the orderly and efficient transfer of your legacy. Asset Protection: Things you can do will effectively provide asset protection before a claim or liability arises, but few things will afterwards. We can help you limit liability in a litigious and high divorce rate world. Read even more details 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, California with Darren Veracruz Law today: 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.
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.
Do-It-Yourself has its place and time and can even provide comic relief like when Han and Chewie were forced to make repairs while the Rebels were hiding out on Hoth. Unfortunately, most people don’t realize what they are getting themselves into because the business model of these online services do not stress the importance and significance of these documents. Instead, they make commercials and ads showing how easy, simple, and cheap it is to put together an estate plan. A good estate planning professional takes the understand to find the complexity and nuances in an individual’s life. Online products are not able to ask you the non obvious questions and address difficult choices. Even if validly executed, they are difficult to customize to plan for a special needs individual, who could be forced to choose between an inheritance or eligibility to Social Security Disability Insurance or other government services. Read even more information on trust & probate attorneys Orange County.