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Our team of highly accomplished attorneys specialize in estate planning for elderly parents. As elderly parents age, their circumstances and needs change, making estate planning even more necessary. Collaborating with experts in elder law and estate planning, who possess specialized knowledge, can assist elderly parents in crafting a thorough strategy tailored to their distinct circumstances. This approach guarantees that their intentions are upheld and executed as intended.

We are committed to assisting your family achieve their financial goals. With 90+ years of collective experience, our law firm knows the ins and outs of estate planning. There’s no legal or financial issue too complex for our attorneys.

3 Reasons Why Estate Planning for Elderly Parents Is Essential

Long-Term Care Planning: Elderly parents may need to plan for the possibility of long-term care, such as assisted living facilities. Estate planning can help ensure funds are available to cover these costs.

Medical Decisions: An estate plan can include documents such as a living will and healthcare power of attorney, which allow elderly parents to specify their medical treatment preferences and appoint a loved one to make medical decisions on their behalf.

Minimizing Tax Liability: Proper estate planning reduces tax liabilities for elderly parents and family members. An expert estate planning attorney can implement numerous strategies to mitigate the impact of estate taxes.

Plan With Professionals

Estate planning may be a challenging topic for you and your parents to think about. However, engaging in a comprehensive estate planning process with the assistance of our professionals at Law Stein Anderson will provide assurance for the whole family.

Estate Planning for Married Couples

The Three Goals of Estate Planning for Elderly Parents

  1. Put your family’s game plan in writing. A properly drafted will and trust direct how your parents assets are handled. They also get to choose who oversees that process.
  2. Avoid probate. Probate is a court proceeding that is both expensive and time-consuming. In most cases, probate takes about 2 years to complete. However, more complex cases can take far longer.
  3. Save taxes. A good estate plan minimizes taxes such as income tax, estate tax, and property tax reassessments.

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    SOUTHERN CALIFORNIA ATTORNEYS

    We are an industry-leading estate, trust, and probate attorney serving clients with estate planning Irvine in CA and surrounding communities within Orange County, including Newport Beach and Laguna Beach.

    We are a team of industry-leading estate, trust, and probate attorneys in Orange County.