We are your Southern California partner in estate administration and estate protection.

Protect Your Future With An Estate Plan

A secure estate plan for your future is important. Most of our clients want to ensure a comfortable retirement while protecting hard-earned assets for their beneficiaries. Our experienced estate planning attorneys can help arrange your financial and personal affairs to ensure the best results.

What Does Estate Planning Involve?

Estate planning is a comprehensive process that helps organize and manage your assets during your lifetime and after your demise. It includes various legal and financial considerations, ensuring your wishes regarding your estate are fulfilled efficiently and effectively. At its core, it involves the strategic arrangement and distribution of assets, including:

  • Real estate
  • Personal property
  • Savings accounts
  • Life insurance policies

Establishing a well-crafted set of legal documents that outline your directives and preferences is central to the process. These documents may include:

  • Wills
  • Trusts
  • Powers of attorney
  • Durable powers for attorney for finances
  • Advance Health Care Directives

Creating a revocable trust can provide flexibility and privacy in the transfer of assets, bypass probate,  avoid establishing a conservatorship, and minimize potential disputes among heirs.

Financial advisors and CPA’s offer guidance on wealth management strategies tailored to your circumstances. They assist in evaluating your financial situation, identifying opportunities to minimize tax liabilities such as inheritance taxes and maximizing the estate’s value for future generations.

When Is The Right Time To Do An Estate Plan?

Every adult should have an estate plan, but there are key milestones and life events that signal the need for additional estate planning.

Estate planning should be a priority for people with minor children, as it involves decisions regarding guardianship and financial provisions for their care. Establishing a comprehensive plan ensures that the welfare of minor children is prioritized and provides parents peace of mind.

Moreover, acquiring real estate or significant assets warrants proactive estate planning to facilitate the seamless transfer of assets to intended beneficiaries. Individuals can mitigate complexities and streamline the distribution process by addressing ownership structures and potential tax implications.

Life changes such as marriage, divorce or the birth of a child often prompt a review and update of estate planning documents to reflect current circumstances and intentions accurately. Also, aging individuals or those facing health challenges may benefit from revisiting their estate plans to incorporate provisions for long-term care and end-of-life preferences.

Why Do I Need An Estate Planning Attorney?

An estate plan is a comprehensive legal strategy made of several complex parts. These legal documents not only involve your estate, but ensure that your medical preferences are fulfilled when you are unable to dictate them. An estate plan is made up of a number of articles, including:

  • Trusts (the type of trust depends on your unique situation)
  • Revocable living trusts, pet trusts, special needs trusts
  • Durable powers of attorney for financial affairs
  • Advanced health care directives
  • Conservator and guardian nominations
  • Wills
  • Instructions regarding transferring assets

An estate planning attorney is the key to establishing a complete and correct plan for the future. Without an experienced attorney, you may encounter errors or incomplete documents. The result can lead to contested matters and disputes, which will lead to undue stress and unnecessary costs and expenses either during a conservatorship matter or after death.

LGBTQ Estate Planning

We offer assistance with estate planning for all family types, including same-sex couples, registered domestic partnership, and parents. Relationships and families can be complex. Whether you are a single parent, married, divorced, have a blended family, in a long-term relationship or registered as domestic partners, it is important to have an estate plan.

If you are in a long-term partnership without legal status, then it is especially important to secure an estate plan. Without the proper planning the result can be devastating to the living partner. Without a will, your estate could be administered according to state regulations. If you become incapacitated due to an accident or illness, then your partner will be unable to make important health care decisions or manage your financial affairs. An estate plan can ensure that you and your partner will receive the care you need.

Contact Our Experience Estate Planning Attorneys

The lawyers at The Probate House L.C. have decades of experience drafting estate plans for California residents. We are knowledgeable about the legal processes that you must complete to ensure desired financial and personal well-being. Call our office in Torrance, California, at 424-452-2375. Fill out our online contact form to learn more about our estate planning services.