Benefits of an Estate Plan
Why You Need an Orange County Estate Planning Lawyer
Many people may think that they don't need to plan their estate, either
because they are young, healthy, or they simply don't care to think
about it. At Mortensen & Reinheimer, PC, we strongly encourage you
to consult with a lawyer and learn exactly why
estate planning is such a beneficial process. You and your loved ones can all benefit
financially and emotionally if you are prepared with a detailed estate
plan before you pass away.
Estate planning has various financial benefits. It saves you and your loved
ones from having to pay attorney's fees and court fees by
avoiding probate. All of your last wishes will be overseen by a trustee in charge of your
living trust instead of a judge having to distribute your property through
probate. Your loved ones will also be able to avoid the high taxation
that comes from probate, and instead of having to pay thousands of dollars
out of their inheritance for estate taxes, they will be able to keep far
more of their inheritance for their own use, as you intended.
Document Your Last Wishes
Of course, estate planning also ensures that your last wishes are documented
and followed to the detail. Should you establish a living trust, you will
be able to place a trustworthy and responsible individual or company in
place as the trustee, allowing them to handle your property and wishes
after your death. You might desire to draft a simple will, although this
option still requires probate.
Provide for Your Loved Ones
Most importantly of all, estate planning provides for the ones you love
by allowing them to distribute everything in a matter of weeks instead
of through months of probate. Through estate planning, you will be able
to ensure that your family, friends, and even your pets, are properly
cared for after you pass on. You can also provide documentation of your
desires for your own treatment and care, should you becomes unable to
act or care for yourself.
Find an Estate Planning Attorney in Orange County
Contact Mortensen & Reinheimer, PC right away to speak with a lawyer
who can help you through the process of estate planning. The idea may
seem daunting and undesirable, but our attorneys are friendly and willing
to guide you step by step throughout the process. We have more than 24
years of combined experience and are skilled in these select legal areas
so that you are guaranteed the highest quality counsel and legal representation.