ESTATE PLANNING
Estate Planning is a process that needs to take many factors into consideration. The intent of the estate plan is to arrange and anticipate a person’s estate needs during their lifetime, at and after death to minimize gift, estate and income taxes. The estate plan can be as basic and rudimentary as a simple will to an extremely complex trust. An effective estate plan needs to consider all possibilities including but not limited to guardians for minor children, incapacity, asset protection, long term care, and more. The plans can vary greatly depending on the goals of the individual and the value of the estate.
The goal for most people is to maintain and or enhance the value of their assets so that the may pass it onto their heirs with limited tax liability. There are some people or occasions when a person desires to skip a generation or leave just a small.
percentage to heirs and the balance to charities or other good causes. Regardless of your personal goals, it is very important to consult with a specialist. As noted in the Norte Dame Law Review vol. 37 Issue 2 1961, “While the basic steps are fairly well defined, the ramifications and combinations are only limited by the ability of the deft planner, acting consistently with the law and the wishes of the property owner. Accordingly, estate planning is not, in modern law, a job for the amateur or general practitioner – it is a task for the expert,”
It is for these reasons that the clients of Haddock Law are grateful for Todd’s experience and expertise. You can rest assured that your estate plan and all the documents will be prepared by an attorney in accordance with your goals and desires. The firm does not take a ‘one size fits all’ approach to estate planning. During the process you will have unlimited phone support from an attorney and not a paralegal. Call (714)978-4433 today to schedule an appointment.
While we offer the full range of Estate Planning the most common service we perform for our clients is Living Trusts. Trusts meet the personal, family, and financial goals for most people. The advantages of trusts are manifold and include but are not limited to asset protection, estate preservation for heirs, and to minimize tax liability. Beyond creating Living Trusts for our clients, we also commonly prepare Trust Amendments and offer Trust Administration.
Wills are the second most common form of estate planning we do for our clients. A will is the last testament of Testator or maker of the will. Probate is a judicial process whereby a will is ‘proved’ or accepted as a valid document. Having probate granted is the first legal step in implanting the provisions of the will. Haddock law will help our clients through the probate process. Some clients have asked, and we have agreed to serve as the Executor of their estate to see that the terms of the will are enforced without burdening family members.
Some of the other Estate Planning services provided by Haddock Law include:
When you call the office of Haddock Law you will have the opportunity to speak to an attorney and not just a secretary or paralegal. Haddock Law is a full-service law firm with a broad range of experience in business, real estate, and family law. We enjoy a strong reputation for handling all your legal needs quickly and effectively. Just read what some of our clients say about our service and then call (714)978-4433 to make an appointment.