Estate Planning Attorney Aliso Viejo CA
At Heritage Law, LLP, our lawyers advise individuals, business owners and families about the best ways to plan for their future security through wills, trusts, gifts and other estate planning tools. Our services range from basic estate plan packages to advanced trust instruments suitable for complex tax liability problems or business management succession.
Our basic estate plan covers the needs of most families. It includes a pour-over will, a revocable living trust to take title to your assets, financial power of attorney to protect you in the event of an incapacitating accident, and an advance health care directive to physicians to guide life support decisions in extreme circumstances.
These instruments together not only specify clear instructions as to the transfer of your assets, they also will keep most or all of your assets out of probate after death. This can save your family a great deal of time and expense. This estate plan can also avoid the need for formal guardianship or conservatorship proceedings to protect you or your estate if you become unable to manage your own affairs.
Our estate planning lawyers can handle more complicated needs and objectives as well. Our lawyers understand the complexity of advanced estate planning techniques, such as family limited partnerships (FLP), income defective grantor trusts (IDIT) spousal access trusts (SLAT), and qualified personal residence trusts (QPRT). We can show you how a life insurance trust can either keep assets out of probate or meet anticipated estate tax obligations. We can prepare a special needs trust (SNT) to provide for the security of a vulnerable child or relative or prepare a dynasty trust to take advantage of the generation skipping transfer (GST) and optimize the exemption from the GST tax. We can also assist you in charitable planning now or through your revocable living trust. Whatever your family’s circumstances might involve, we can offer dependable estate planning solutions.