Estate Planning Lawyers Serving Corona del Mar Residents

Mortensen & Reinheimer, PC, serves your estate planning, trusts and probate needs.

Our approach to estate planning is aimed at protecting what you have earned and providing for your loved ones. As such, our firm’s goal is to ensure that your estate plan accurately reflects your desires and safeguards your wealth.

Our firm is dedicated to providing each of our clients with a high level of personal attention in the preparation of their estate plan. As such, we are readily available to answer your questions. Our attorneys meet with you to discuss any changes to your estate plan, especially as tax laws change, and also any new opportunities.

Essentials of Estate Planning

Whether you are single, married, or in a domestic partnership, you need at least the basic estate planning instruments: a trust, will, and powers of attorney for finances and health care. These allow you to achieve a common objective of estate planning, which is to provide for the passing of one’s property and money to the next generation with ease and efficiency.

Estate Planning for the Wealthy

If you have a net worth over $2,000,000 and you are single or if you are married with a combined total net worth higher than $4,000,000, we can provide you with essential advanced estate planning services. As your life changes through marriage or divorce, having children or retiring, Mortensen & Reinheimer, PC is available to ensure your plan remains suited to your life events, accomplishments and goals.

It is also important to plan for federal estate taxes (i.e., inheritance tax). Your wills and trusts lawyers at Mortensen & Reinheimer, PC can help determine your potential tax exposure, then identify specific wealth preservation strategies and the appropriate estate planning tools that can reduce or eliminate your estate tax liability.

Depending on your situation, these could include:

• Business planning: For those who own family businesses, it is important to consider business management succession planning, as well as potential formation of family partnerships or limited liability companies to hold assets.
• Charitable giving: Charitable giving can have tremendous tax and estate preservation benefits. Depending on your situation we might recommend a charitable remainder trust, charitable foundation, or other charitable gifting strategy.
• Revocable living trusts: These help to avoid probate and conservatorships, and reduce or eliminate estate or inheritance tax liability.
• Tax Shelter trusts: These work to maximize the value of your federal estate tax exemption. Examples of such trusts include A-B trusts, Q-TIP or Q-DOT trusts, and irrevocable life insurance trusts.