As an experienced estate planning attorney in Orange County, California I have witnessed firsthand the profound impact that conflicts over inheritances can have on families. It is heartbreaking to see hard-earned legacies torn apart by disputes and strained relationships among loved ones. Today, I want to address your concerns and shed light on the primary…
Continue reading ›To create a will in California you must: Be An individual at least 18 years of age or older. Be of sound mind, which means that you: Comprehend what it means to make a will. Know the nature and extent of the property you own. Can recall who your relatives are. Are in good mental…
Continue reading ›Did you know that it’s National Estate Planning Awareness Week? In 2008, the U.S. Congress passed House Resolution 1499 designating the third week in October as National Estate Planning Awareness week. According to Caring.com’s 2022 Wills Survey, over 66% of Americans believe that having an estate plan is important, but only 1 in 3 Americans…
Continue reading ›The unlimited marital deduction is part of the United States Federal Estate and Gift Tax law. The law allows married U.S. citizens to transfer an unlimited amount of property and money to their spouse at any time free of any taxation (both estate and gift taxes). These spouse-to-spouse transfers are not taxed. The largest transfers…
Continue reading ›A pour-over will is a type of will that transfers ownership of your property to your living trust. A living trust is one of the best ways to avoid the expense and delay of probate court in California. In California, if at the time of your death you own certain property and money worth—at the…
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