Premium estate planning legal services Orange County from Darren Veracruz: Trust Administration: We can help you gather trust assets and distribute the assets efficiently. Inheritance Equalization: Many issues can arise if your business is distributed equally to active and inactive children in the business. If you want the business to continue after you’re gone, and if you want your kids to succeed in their chosen professions (whether it’s the family business or not), it is imperative you take the time now to equalize their inheritance in a logical manner. Read additional info on Darren Veracruz.
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.
Top trust & probate law firm Orange County, California with Darren Veracruz: Additionally, if you have selected someone as your Medical Power of Attorney, it’s advisable to make sure they are aware of that designation, and that they are familiar with your wishes so that should the time come, they can feel confident in their decisions. The person selected as your Financial Power of Attorney should also be made aware of their designation, and at least be given a general overview of the assets that will be under their direction. Let them down easy, if necessary. You may have loved ones who expected to play a significant role in your estate plan, who are not. You may want to sit down with them to specifically address their feelings around the subject, which we will discuss with greater consideration in a future blog post. These conversations might not be easy, but proactively sharing your wishes with your loved ones may help them understand and respect your choices, and ultimately serve as an important gesture of goodwill.
Lutheran Social Services of Southern California (LSSSC) was founded in 1944 and has dedicated the last 78 years to providing comprehensive emergency, transitional, and preventative services to at-risk communities. Over the years, LSSSC has expanded its service to eight area centers throughout six counties across Southern California- all aimed to address barriers to access in the areas of homelessness, food insecurity, health inequity, socioeconomic disparity, and education for the underserved. To adequately address these needs, we utilize evidence-based practices to design holistic services that contribute to long-term transformation.
Secure and Clear – If you do not know what this means then you need to find a responsible gun owner to help you. Firearms must be stored unloaded and in a manner approved by the California Department of Justice. Understanding and learning how to clear a gun is not something that can be learned on YouTube. It is a very important process that needs to be done by someone who has handled and worked with firearms before. If you are not familiar with common firearm actions, you should be accompanied by someone who is to help you throughout the process.
Have your estate planning done. Set the end of the year as your deadline to finally get this completed. Figure out why you have been procrastinating and conquer your fears. If it’s because you don’t have an attorney, ask friends and acquaintances for referrals. If it’s because you aren’t sure who you want to be the guardian for your minor children or who you want to be your executor or trustee or how to divide your estate, your attorney can help you decide. (You can always change your mind later; don’t let these decisions keep you from putting a plan in place now.) If money is an issue, start with what you can afford (a will, power of attorney, health care documents) and upgrade later when you can. Your attorney may also be willing to accept payments. Read additional info at trust & probate law services Orange County, California.