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Protect Your Assets by Planning Your Estate
Are you in need of Orange County estate planning services? Our team of experienced attorneys is here to assist you. A comprehensive estate plan is vital for safeguarding your family, business, and personal interests. California inheritance laws are complicated. Therefore, having a qualified estate planning attorney by your side is essential.
Law Stein Anderson’s estate planning attorneys are dedicated to protecting your assets. We offer tailored guidance and recommendations on various strategies, including insurance policies and trusts, designed to preserve and grow your family’s wealth. By enlisting the assistance of our skilled professionals, you can enjoy the peace of mind that comes with knowing your loved ones will be well provided for. Contact us today to ensure a secure future for your family.
The Three Goals of Estate Planning in Orange County
- Put your family’s game plan in writing. A properly drafted will and trust direct how your assets are handled at your death. You also get to choose who oversees that process. Otherwise, California law will determine how your estate is handled.
- Avoid probate. Probate is a court proceeding that is both expensive and time-consuming. Probate takes about two years to complete. Our firm has an online probate fee calculator that can show you how expensive it is. For example, probating a million-dollar house in California costs about $46,000.
- Save on taxes. There are many taxes to avoid at death. Such taxes include income tax, estate tax, and property tax reassessments. A good estate plan minimizes taxes.
At Which Age Should I Start the Estate Planning Process?
At Law Stein Anderson, we firmly believe in the importance of proactive estate planning, regardless of age. Asset protection should be a priority from the moment one begins accumulating wealth and acquiring property. For some, this may start as early as 30. Our estate planning services encompass the creation of essential documents such as last wills and trusts. We guide clients of all ages and stages of life through the estate planning process and ensure that their hard-earned assets are protected and passed on as they wish.
Tasks involved in estate planning include:
- Creating a will or living trust
- Naming an executor
- Establishing guardians for dependents
- Setting up power of attorney
- Creating a healthcare directive
- Naming beneficiaries
Read our latest articles on estate planning:
California Estate Planning Update: Proposition 19 Adjustments and 2025 Tax Law Changes
In our recent newsletter, Nate Loftin, Esq. highlights Proposition 19 Adjustments and 2025 tax law changes that may impact your California estate plan. Sign up for our newsletter at the link below to stay informed of the latest policy shifts. Proposition 19: Adjusted Exclusion Amount The California State Board of Equalization announced a 2.15% increase…
Estate Planning Strategies to Protect Your Spouse
It’s not a pleasant thought, but making sure that your spouse is taken care of and protected after you are gone is the most important aspect of estate planning. While legal marriage does offer some innate protections, it is still important to consider what tools are available to you so that your spouse is provided…
Continue Reading Estate Planning Strategies to Protect Your Spouse
Simultaneous Deaths & Estate Planning
Simultaneous deaths, the rare occurrence whereby two people who are beneficiaries of each others’ estates die within short succession of each other, can pose a huge wrinkle to even careful estate planning. With the recent notoriety around this possibility due to the deaths of actor Gene Hackman and his wife Betsy Arakawa, who died within…
Escheatment, Intestacy, and the Cost of Doing Nothing
The consequences of dying without estate planning, even if it’s just a will, can be catastrophic. Not only is there no guarantee that your assets will be disbursed according to your wishes, there’s no guarantee that they will be disbursed to the inheritors you wish at all. Without proper estate planning, there are considerable risks…
Continue Reading Escheatment, Intestacy, and the Cost of Doing Nothing