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Orange County CA Estate Planning
Santa Ana, CA
Estate Planning - Probate - Trust Administration - Business Law - Employment Law - Business Litigation
Recent Activity
“With wealth for millennials set to double in the next 20 years, it’s time to get over the awkwardness and have the conversation now.” When is a good time to discuss your inheritance, taxes, and estate planning with your parents? How about never! However, by the same token, screaming at... Continue reading
Posted 2 hours ago at Orange County Estate Planning
"The new reality is that our lives are largely digital, and the artifacts of our digital lives have value, from both sentimental and financial standpoints.” A recent Morningstar article asks, “Do You Have a Plan for Your Digital 'Estate'?” The article reminds us that not every aspect of an estate... Continue reading
Posted yesterday at Orange County Estate Planning
“Strategies to avoid the inheritance tax when you leave your estate to nieces.” If you want to include nieces and nephews in your estate equally, you may need to consider whether an inheritance tax can make it difficult and the types of strategies to use to make it even.’s... Continue reading
Posted 2 days ago at Orange County Estate Planning
“The idea of planning a funeral is generally not at the top of anyone's "to do" list. It's a job that almost always falls to the spouse, children, or close friend of a deceased. Expressing your preferences or actually making the formal arrangements can truly be a gift to your... Continue reading
Posted 3 days ago at Orange County Estate Planning
“A proper estate plan is critical to ensuring that the success you’ve worked so hard to build over your lifetime, is passed on in a way that benefits your family and supports the values you want to leave behind when you’re gone.” Planning for the transfer of wealth to younger... Continue reading
Posted 4 days ago at Orange County Estate Planning
“Having no heirs or surviving spouse, can make estate-planning decisions more difficult.” Some people have a somewhat unique estate planning challenge: they’re childless and not sure what should happen to the assets they leave behind or whom to appoint as their proxy decision-maker. CNBC’s recent article, “Planning your estate when... Continue reading
Posted 5 days ago at Orange County Estate Planning
“Where do you start? How much do you contribute? What do you do, if there's no company match? Should you take the Roth option? There's a lot to consider with this important retirement asset.” As you develop your financial and estate plans, you should consider integrating 401(k) accounts into an... Continue reading
Posted 6 days ago at Orange County Estate Planning
“In all different cases — will contests, trust contests, life-estate challenges, probate objections, elder financial abuse, deed revocations or joint-tenancy quarrels — the interests and paths of stepmothers and stepchildren often collide.” It’s not uncommon for conflicts to arise in estate matters between stepmothers and stepchildren, as tensions in blended... Continue reading
Posted 7 days ago at Orange County Estate Planning
“Inherited IRAs and 401(k)s can be a great ve hicle for passing assets from these accounts to non-spousal beneficiaries.” Inherited individual retirement accounts have been a common way to let non-spousal beneficiaries inherit an IRA account and allow the account to continue to grow on a tax-deferred basis in the... Continue reading
Posted Feb 12, 2018 at Orange County Estate Planning
Planning for the disposal of your remains can ensure your remains are disposed of as you want (burial, cremation, etc.). Los Angeles-area Probate Judge David J. Cowan told Charles Manson’s longtime pen pal and an attorney for Manson’s grandson, that a decision on the killer’s body and property was weeks... Continue reading
Posted Feb 9, 2018 at Orange County Estate Planning
“Understanding how different assets are considered for Medicaid eligibility.” Medicaid is a needs-based government program administered by the states, with income and asset limitations that apply before you can qualify for the program’s assistance, says in the recent article, “How trusts fit in with Medicaid planning.” To prevent individuals... Continue reading
Posted Feb 8, 2018 at Orange County Estate Planning
“Since most federal and state benefits are "needs based," the government is always looking over the shoulder of special needs persons.” About 58 million people nationwide over the age of five identify themselves as disabled. That’s the largest single minority in the country. Millions of Americans want to help them.... Continue reading
Posted Feb 7, 2018 at Orange County Estate Planning
“Choosing a trustee for your living trust, seems like it wouldn’t be that difficult. Most living trusts (also called revocable trusts and sometimes called grantor trusts) will name the person or people who set them up as the initial trustees.” The (Riverside CA) Press-Enterprise explains in its recent article, “Women... Continue reading
Posted Feb 4, 2018 at Orange County Estate Planning
“If you have concerns about a will challenge, the first thing that you should do is talk to the attorney.” The Northwest Indiana Times says in its recent article, “Choosing an executor,” that will challenges are pretty rare. A successful contest can stem from an issue with the will making... Continue reading
Posted Feb 3, 2018 at Orange County Estate Planning
“A plan to transfer assets to an heir smoothly is important, and sometimes using a trust to holds assets and dole out income over time can be savvy. However, a trust can expose your family to a big income-tax bill, if it's funded with a traditional IRA, so it's important... Continue reading
Posted Feb 2, 2018 at Orange County Estate Planning
“Treece's bid to quit as executor of the O'Quinn estate comes two months after he settled a lawsuit with the foundation that alleged he had treated the estate as a "personal slush fund." When the famous Texas attorney John O’Quinn died in 2009, he had over 1,200 automobiles—but no children... Continue reading
Posted Feb 1, 2018 at Orange County Estate Planning
“Your family and friends are important, and the transfer of wealth after you pass can be greatly simplified with an expert on your side.” Are you a tax law expert? Tax law is one of the most complicated legal fields in the discipline. It really should be left to the... Continue reading
Posted Feb 1, 2018 at Orange County Estate Planning
“Real estate is everything in Florida, especially when there’s multi-generational wealth to protect from unsatisfied legal obligations. If the assets are encumbered, estate planners need to think across the usual lines of transmission.” A recent Wealth Advisor’s article asks “The Juice Is Loose, Did O.J.'s Kids Hide Millions From Murder... Continue reading
Posted Jan 31, 2018 at Orange County Estate Planning
“Understanding what taxes are–and aren't—owed on money gifts.” It’s not unusual for parents and in-laws to help a young couple buy a house. The parent can gift money to them, but must the young couple pay taxes on the money? The tax laws on gifts can be pretty confusing, says... Continue reading
Posted Jan 30, 2018 at Orange County Estate Planning
“When people hear the phrase “estate planning,” most think, “That’s for wealthy people.” While wealthy people, at least the prudent ones, take the steps to plan for their estate, this type of planning is about more than wealth. It’s actually about eliminating bad outcomes and confusion for those you may... Continue reading
Posted Jan 29, 2018 at Orange County Estate Planning
“No matter your age or socioeconomic status, estate planning is something you need to consider.” Estate planning isn’t just about leaving assets to heirs. A recent article, titled “Your Money: Medical power of attorney: the missing piece of too many estate plans,” asks the reader to consider what would... Continue reading
Posted Jan 26, 2018 at Orange County Estate Planning
“If your senior parents don't want to talk about money, here are some tips to start the conversation.” If your mother is a widow and she lives alone, you may notice that she's beginning to have difficulty getting around and refuses to have help in the house.’s recent article,... Continue reading
Posted Jan 25, 2018 at Orange County Estate Planning
“Garmin International Inc. founder Gary Burrell’s son moved more than $19 million of the company’s stock in a string of insider transactions earlier this month.” Jonathan Burrell of Kansas City is listed as the second-largest beneficial owner of Garmin stock with about 14.5% of outstanding shares. He has total beneficial... Continue reading
Posted Jan 24, 2018 at Orange County Estate Planning
“The Internal Revenue Service has very specific rules for gifting that can be beneficial to the giver, when used properly.” Questions frequently come up during estate planning about making monetary gifts to others. They include: • How much of my money can I give away each year? • What are... Continue reading
Posted Jan 23, 2018 at Orange County Estate Planning
“Over three years after Mickey Rooney’s death at the age of 93, the movie icon’s widow today is suing The Hollywood Reporter for elder abuse and intentional infliction of emotional distress in a piquant complaint that alleges some very underhanded journalism on the magazine’s part.” The lawsuit names The Hollywood... Continue reading
Posted Jan 22, 2018 at Orange County Estate Planning