Newport Beach Estate Planning Attorney

Benefits of Newport Beach Estate Planning Lawyers

Estate assets such as bank accounts and property need both protection and accessibility during emergencies.  Living trusts may be drafted avoid problems encountered by financial power of attorneys.  Assets properly transferred to your revocable living trust can avoid probate saving both time and money.  A living trust living trust may also allow your estate plan to control distributions to young beneficiaries.

How Newport Beach Estate Planning Lawyers Work

A Newport Beach will attorney will assist you in defining your estate planning objectives, and creating the necessary legal documents to effectuate those objectives.  First, the Newport Beach living trust attorney will help you to identify your goals, then determine which documents would best serve your needs.  The first tool you will need in your estate plan is a will (the actual name is a “Last Will and Testament”). A will is a formal legal document stating how you want your estate distributed. It is submitted to the court after you die.

Newport Beach Estate Planning Attorneys

Our licensed Newport Beach trust attorneys will help to draft documents used to complete an estate plan which include a Last Will & Testament, which appoints legal guardians, a Medical and Financial Power of Attorney to prepare for an incapacitation, and a Living Will, not to be confused with a Last Will or Living Trust, directs the use of life support.  Using a Newport Beach estate planning lawyer will help to ensure that documents are in the proper form.  For example, a basic will must contains the following information: The person’s name, city, and state in which they live, appointment of the Personal Representative (executor), appointment of the guardian for minor children, statement of specific transfers (bequests), statement of who gets the balance of the estate, instructions for the executor to follow and powers granted, description of controls you want over bequests to minors, a place for the testator to sign and date the will, a declaration that two witnesses sign stating that they witnessed the signing and that the testator was of sound mind.