Quality trust & probate legal services Orange County from Darren Veracruz: Living Trusts: Having a legal document that details what should happen to your assets upon your demise is a vital part of estate planning. One way to make sure that your final wishes are met is to create a living trust. There are three distinct benefits of creating a living trust; avoiding probate, saving money and maintaining the privacy of your estate. Probate Administration: Administering the estate of a person transferring their assets with a will or those dying without estate planning documents has benefits but the process is complicated and time consuming. We can help you understand your choices. Read more details at https://twitter.com/darrenveracruz.
Creating an estate plan can be an invaluable gift for your family as it can provide them with peace of mind during a very difficult time. Additionally, creating an estate plan offers you the opportunity to have meaningful conversations around your intentions, demonstrating to your loved ones how much you respect and appreciate them. These conversations can go awry, however, as they can bring powerful and unexpected emotions to the surface.Here are a few things to keep in mind to make sure that your conversations are productive and leave your loved ones feeling — well — loved.
Awesome trust & probate law firm Orange County from Darren Veracruz: The first document that every 18-year-old should have on board is a Durable Power of Attorney for finances. This document allows the designated agent to make financial decisions and manage accounts, among other things financial in nature, should an incapacity strike or it can be made effective immediately in the event a child is studying abroad. Sometimes parents need to sign financial documents for a child when their child is in another country or even sometimes in another state. We recommend two different types of power of attorney.
LSSSC has been awarded fee for service contracts and grants for almost thirty years. Over this period, the agency has prudently deployed and allocated public dollars to provide vulnerable populations with vital services such as: Permanent Supportive Housing; Transitional Housing; Rapid Re-Housing; Homelessness Prevention Services; Street Outreach; Emergency Shelter; and Critical Needs for and on behalf of government agencies such as Housing and Urban Development, Department of Education, CDBG, ESG, USDA, and EFSP in Southern California.
Gun ownership is a serious matter and responsible gun owners should proactively plan for their transfer upon death. Laws and procedures for transferring ownership and possession differ greatly depending on the type of firearms involved and the state. In California, you may be required to register the transfer of ownership or even dispose of it depending on the firearm. Here is a California checklist to help your trustees and personal representatives to transfer your firearms.
The second document is what we call a California Statutory Power of Attorney. This is the document that most banks and financial institutions are familiar with and therefore we recommend it. However, it doesn’t cover the universe of things that could or might happen, so we typically recommend augmenting that with a second documents, an expanded Durable Power of Attorney that is custom drafted. The third document that is critical to have as part of your child’s estate plan is the HIPAA Authorization for Release of Information. A properly drafted global HIPAA allows the nominated parties to receive medical information about the condition of the person who has signed the release. If your child is injured and taken to the hospital, the hospital is technically not supposed to release information about their condition or even that they’re at the hospital to anyone. But if your child executes this release, you can fax this to the hospital or present it in person and they will be able to release information to you. See additional details on estate planning law services Orange County, California.