Newport Beach Estate Planning Attorney
Welcome to MORTENSEN & REINHEIMER, PC the premiere Newport Beach Estate Planning, Probate and Trusts law offices of Orange County, CA. We specialize in offering all aspects of estate planning, tax planning and business planning to help you provide for your loved ones and protect your life’s hard-earned assets.
As highly experienced Newport Beach Probate attorneys, we can assist you with probating an estate and drafting a Will or a Living Will. You may need to consider more than a basic Will if your estate value exceeds $100,000.
A simple Will, under California state law, is subject to probate, which is a court-administered process handled through the Southern California Probate courts. Probate is designed to determine the validity of a Will, to resolve any debt claims and to transfer remaining assets to relatives, heirs, or beneficiaries. The probate process can take six months to three years and costs can be as much as 10% or more of an estate’s gross assets. During probate, a basic Will can be contested by anyone and will become part of the court records, which ultimately can become publically accessed.
A Revocable Living Trust, on the other hand, is often deemed a preferable alternative to a simple Will. Benefits of a Living Trust include privacy, reduced probate costs and definable management of your assets. A Living Trust allows all or some of your assets to be administered by someone you know and trust, without court involvement and without becoming publically accessible.
Our skilled estate planning attorneys can also advise you on developing a strategic business plan and will work with you on creating and implementing an effective estate plan that is compatible with your goals, your financial situation, your family, your desires and dreams. We offer a complete range of estate planning options designed to ensure your finances, business and property are administered in the most tax-efficient way possible.
The Newport Beach probate and estate planning lawyers of MORTENSEN & REINHEIMER, PC serve clients throughout Orange County. To learn more about living trusts, probate administrating services and our estate planning services, call MORTENSEN & REINHEIMER, PC at (714) 573-7149, or e-mail us at info@ocestateplanning.net and we will contact you to schedule a free initial consultation.
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