Estate planning is not just about money, it is the responsible way to plan for and secure the future for your family and loved ones.
Nobody likes to think about death, disability, or incapacity. However, establishing an estate plan now is one of the most important steps you can take to protect your family and loved ones in the event of an accident or untimely death. Chudleigh Law works with estates of all sizes to ensure that they have succession plans in place to protect their families and assets.
If you became incapacitated, you would not be able to manage your financial affairs. To make matters worse, your spouse and children could not manage them without petitioning the court to declare you legally incompetent. This can be a costly, timely, and stressful process. Chudleigh Law can help you by drafting the proper legal documentation to allow a person or persons to act immediately on your behalf if you become incapacitated.
Even with a valid will, everything you own will be distributed by the court through a process known as probate when you die. Probate is expensive, time consuming, and open to the public. It is common for probate courts to freeze assets for months while determining how to distribute your estate. Chudleigh Law can help you plan for your future, and avoid probate, which will allow your assets to pass directly to your loved ones.
Providing For Minor Children
An important part of estate planning is designating a guardian for your minor children. If you do not designate such a person, the court will make the decision for you, and you will not have a say in who will act as guardian, and how your assets will be distributed to your children.
Planning For Death Taxes
The IRS will review your estate and determine a final estate tax. Without proper planning, the federal estate tax can take a large portion of your estate that would otherwise pass to your beneficiaries. Chudleigh Law can help you evaluate several strategies to reduce or eliminate the death tax, but many strategies must be in place well before your death, so it is important to plan ahead.
Do you want your estate to benefit a charity or cause? Your estate plan can accomplish this goal while you are alive, or at your death, depending on what strategy makes the most sense for your estate. Benefits of such charitable giving may include reduced capital gains, reduced estate taxes, and in some situations a stream of income for life from your donation.
Chudleigh Law is ready to help you with your estate planning needs, including:
- LIVING WILLS
- POWER OF ATTORNEY
- HEALTH CARE DIRECTIVES
- CHARITABLE BEQUESTS
Contact Chudleigh Law today to receive a FREE consultation concerning your estate planning needs.
Chudleigh Law accepts estate planning clients throughout Orange County, Los Angeles County, and San Diego County.
To speak with an attorney now, CALL 949.877.9140
ORANGE COUNTY: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda.
LOS ANGELES COUNTY: Agoura Hills, Alhambra, Arcadia, Artesia, Avalon, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardenia, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada, Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier.
SAN DIEGO COUNTY: Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Cardiff-by-the-Sea, Leucadia, Olivenhain, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway, San Diego, San Marcos, Santee, Solana Beach, Vista.