Orange County Estate Planning: Wills, Trusts, Powers of Attorney, & Probates
Estate planning is an important goal for everyone in Southern California, even if the estate is a relatively small one. It allows a person to ensure that their property will go to the people they want, in the way they want, and when they want. Estate planning allows you and your heirs to save as much as possible on taxes, court costs, and attorneys' fees. In addition, it means that your family will have an easier time dealing with the administrative and financial aspects of your estate.
All estate plans should include the following important estate planning instruments: a living trust, a durable power of attorney for finances, a power of attorney for health care, and a pour-over will.
The financial durable power of attorney allows property to be handled during an individual's lifetime, without getting a court order. The power of attorney gives directions to a proxy who can carry out the individual's wishes if he or she is incapacitated. Medical directives can also be part of an estate plan; a health care proxy, a durable power of attorney for health care, a living will, and medical instructions are documents to consider. These documents help with medical decisions should a person become incapacitated and unable to express his or her preferences.
A trust and the pour-over will sets out the plan to distribute a person's property after his or her death. The revocable (or "living") trust is used to avoid probate and to manage a person's estates both during life and at death.
Call now for a free consultation:
(714) 573-7149
Orange County
8 Corporate Park
Suite 300
Irvine, CA 92606
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