The Gianesin Law Firm represents family members who need to create, modify, or amend a living trust or other estate planning documents. We offer sound and practical advice regarding powers of attorney, address the reality of “physician-directed” in compentency determinations, and strive to develop a plan which is practical, cost-effective, and avoids needless intervention by outside parties. Nearly all of our estate plans are quoted on a fixed fee basis so clients have the satisfaction of knowing exactly how much their plan will cost, in advance.
Everyone should have an estate plan. Estate Planning is not just for individuals or families with substantial assets. An estate plan with a revocable living trust keeps your estate and your family out of probate court and avoids the substantial costs and time associated with probate. Our estate plans encompass all areas of essential planning, including your revocable living trust, financial and medical powers of attorney, pour-over and living wills, the supporting (or ancillary) documents, and the opportunity to have your beneficiaries protected from creditors and predators, when they are designated to receive a distribution from your estate upon your death. Whenever possible, we offer a fixed fee for our services.
What Can Estate Planning Do For You?
Consult With the Best Estate Planning Law Firm in Newport Beach to Find Out
Estate planning sounds more regal than it really is. You do not need significant wealth to make plans for the settlement of your estate after you’re gone. An estate consists of all property and assets you own, such as real estate, savings accounts, and personal property.
No matter the size of your estate, working with an estate settlement attorney can give you peace of mind, knowing that your affairs will be handled according to your wishes, when the time comes. Your family will also gain peace, knowing they are settling your affairs as you’ve directed.
Who should Have An Estate Plan?
If you are 18 years or older and have few assets, you should consider making an estate plan. If you are 18 years or older with significant assets, or have ever been married, or have children, then you should definitely have a plan for your estate. An estate plan is simply a legal way of documenting who should oversee your estate if you are unable to and who should benefit from your assets if you pass away.
What Is An estate plan?
The complexity of your estate will determine the level of estate planning you require. The more common estate planning documents include:
- Will – identifying who should receive your assets, care for your dependents, and oversee the settlement of your estate when the time comes.
- Financial Power Of Attorney – assigning the responsibility to make financial and legal decisions on your behalf if you are unable to.
- Medical Power Of Attorney – appointing a trusted person to make medical decisions on your behalf if you are incapacitated.
- Living Will – directives of your medical preferences and instructions end-of-life care for your physicians and loved ones.
- Trust – providing control over when and to whom your assets are transferred, while potentially reducing or eliminating estate taxes owed and the need for probate.
A strong estate plan not only puts you and your family at ease, but it puts you in control of your affairs at a time when you otherwise would not be. If you have no estate plan in place but have opinions about who should benefit from your hard work or how you wish to be cared for in your final days, then putting together a comprehensive estate plan should be high on your priority list.
Is Estate Planning Just Beneficial After Death, Or Could It Benefit Me During My Lifetime?
Estate planning can deal with issues that arise both during your life and after your death. The estate planning matters that people are most familiar with tend to deal with what happens to your property and assets after you die. However, other fields of estate planning that are just as important deal matters like what should happen in the event that you are incapacitated during your lifetime. Read More
Do I Need An Estate Planning Attorney Or Can I Draft My Own Estate Plan?
In short, the answer to this question is that you will very likely need an estate planning attorney to draft a reliable estate plan. I have been in practice for over 36 years, and in that time, I have never really found an online or self-help service that adequately prepared the documents in an estate plan such that they completely suited a client’s needs. Read More
Do You Need Advanced Tax Planning In California?
One year ago, I would not have said that everyone in California needs advanced tax planning. However, I would currently say that most if not all people in California should look into getting advanced tax planning. This is because of changes to the real estate property tax exemption, which were passed in California as of February 19th, 2020. Read More
What Services Do You Provide For Clients As A Real Estate Attorney In California?
I provide a number of different services to clients as a California real estate attorney. Any acquisition or sale of real estate is just like a business contract. You need to bring me in early to help you negotiate the terms of the deal, and to enter into a purchase agreement that is thorough and describes all the details of the deal. Read More
Call us today at (949) 287-5558 to schedule a complimentary estate planning consultation.
