High quality trust & probate law firm Orange County with Darren Veracruz: Comprehensive Estate Planning: Every person needs an estate plan but the complexity of the plan depends on the specific circumstances. Some individuals may need limited documents to transfer their personal property to their loved ones. Others may need living trusts and even other business entities. Whatever your situation, we can help you plan for the orderly and efficient transfer of your legacy. Asset Protection: Things you can do will effectively provide asset protection before a claim or liability arises, but few things will afterwards. We can help you limit liability in a litigious and high divorce rate world. Find even more details at Darren Veracruz Attorney.
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 estate planning attorneys Orange County from Darren Veracruz Law: 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.
LSSSC currently holds fifty-three contracts with government entities in six (6) Southern California counties. As previously outlined, these services include but are not limited to outreach, case management, payee services, housing counseling, SSI/SSDI outreach and enrollment; emergency services, emergency shelter, hotel/motel voucher, permanent housing, rental assistance, transitional housing, mental health services, victim services, and senior services. LSSSC continues to remain in good standing as a contractor with these government agencies.
Distribute – Depending on the decedent’s instructions, the next thing you are going to do is distribute the firearms to beneficiaries or get rid of them. The safest and simplest way to transfer a firearm from one person to another, even in distribution of an estate, is through a Federal Firearms Licensee (FFL) who also has the necessary California licenses to deal in firearms. Not only do such dealers know firearms, but they can carry out required background checks on intended recipients.
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. Discover more information at estate planning law services Orange County, California.