As the establishing investors of Modern Wealth Law, John and Anh continue to work closely with locals and organisation owners throughout Laguna Niguel and Orange County. In order to most successfully develop an estate plan for you, we put in the time to learn more about your family, occupation, organisations, financial outlook, and your estate preparing objectives, to create a customized estate plan that satisfies your needs.

Our estate plans consist of the following documents: There are 4 primary reasons that you require an estate strategy: 1) Preventing probate; 2) designating beneficiaries of your estate; 3) guaranteeing your small children are taken care; and 4) avoiding estate tax. Among the primary factors to have more than a standard will is so that you can avoid the probate process.

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Many people want to prevent probate since it is 1) prolonged, 2) pricey, and 3) really public. John Wong and Anh Tran are extremely experienced probate legal representatives serving Laguna Niguel and can assist you and your family if a member of the family has actually passed away "intestate" (having actually not made a Will or Living Trust).

As a California Bar Qualified Estate Planning & Probate attorney, John Wong can deal with all of the intricacies of probate law and lawsuits in between household members and financial institutions. Besides avoiding the expense of probate, an estate strategy allows you to choose the beneficiaries of your estate. Without a well prepared estate plan, the probate court's distribution of your properties will likely not conform to your desires.

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Many times this leads to disagreement amongst your recipients and Home page causes Trust and Probate Lawsuits. For a lot of parents with young kids, the main issue with estate planning is what will take place to your children if both parents are deceased. Do you want your children to stay in Laguna Niguel? Will the guardians also live in your area? Without assistance from you, the court will be left to decide who, where and how your children will be looked after.

A properly prepared estate plan can help you and your children from paying court fees for the next a number of years. The federal government will tax your assets after your death if your assets are above particular limits. These limits differ from year to year. Depending upon the worth of your assets at your death, this might or might not be a concern.

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Although there is no specific California or Laguna Niguel estate tax on your estate, a properly prepared estate strategy can help your loved ones prevent earnings taxes or capital gains from the sale of properties after your death. If your beneficiaries reside in Laguna Niguel, or other parts of California, they will pay some of the greatest taxes in the nation without proper preparation.

If you live in Laguna Niguel, you know that you will not discover an apartment for less than $400,000 let alone a single household home. Oftentimes locals believe that their properties are less than $150,000 since they do not have $150,000 of in their Laguna Niguel home. The Court of probate doesn't care.

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If you are in a highly litigious market, whether you are a physician or a little business owner, you have probably heard the stories about individuals being sued and losing all of their assets. While safeguarding your assets has its restrictions, there are lots of automobiles available to secure your possessions, or at a minimum, make it more difficult for financial institutions to take your properties.

There are steep penalties for particular types of transactions, called a deceitful conveyance, which must be checked out before thinking about each of these lorries. If you or member of the family reside in Laguna Niguel, and you would like to find out more about our estate planning services, including living trusts, wills, probate administration and trust litigation, call us at or email us by contacting John Wong at Modern Wealth Law.

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Preserve your possessions. With the increasing unpredictability in today's economy, it is increasingly more essential for people to make use of the benefits of an estate planning lawyer. Estate preparation is not just for the wealthy, in fact, those with a limited amount of properties frequently times benefit more from an estate plan in regards to conservation of their properties.

Our Orange County attorneys can help you with Trusts and Wills and all aspects of your estate preparation. Our strategies include understanding of tax law, wills and trusts, service law, and service-- all basics for estate planning in California. We will develop a strong estate strategy that will not only attain our client's goals in regard to defense and transfer of their possessions, however will also stand up to the test of time.