At MNB Law Group, Inc., we understand that people do not like to envision their own death or the death of a loved one. It is difficult for us to accept our own mortality and for many of us the idea of planning for the event of our death somehow means we are saying we are ready to die.
Of course, this is not the case.
Planning and documenting one’s wishes for a time when they may become incapacitated or die is not only the smart thing to do, since we never know what may happen to us on any given day, but it is the responsible step to take for both yourself and your loved ones. So make sure you have an estate planning done under the supervision of the best estate planning attorney in Los Angeles.
It is imperative to your own well-being to plan who will make decisions about your medical care and who will handle your financial affairs should you not have the capacity to make those decisions for yourself.
It is equally important to name who you wish to be the guardian of any minor children you may have and to make sure that should a guardianship be necessary for your child, that you have made the nomination to prevent unwanted third parties from trying to take control of your children’s personal and financial lives.
Failing to plan will leave your assets and care to the mercy of the California court system and a judge who does not know you or what is best for you. So, protect your assets and plan your estate with the assistance of our Los Angeles estate planning attorney.
MNB’s estate planning lawyers in Los Angeles can help you create an Estate Plan that gives you the peace of mind your property will be given to the intended recipients with benefits of reducing taxation and leaving you in control of everything you have worked to obtain. You can go about your daily life knowing that in the event of unexpected incapacity or your death, you have documented who you would like to manage your estate and how you would like it managed.
MNB has an array of option for estate planning in Los Angeles available to discuss with you, including:
Click the links above to learn more about each potential component of your Estate Plan.
At MNB, our Los Angeles estate planning lawyers recommend that anyone over the age of 18 have an Estate Plan that includes at least an Advance Financial Directive (also referred to as a “Durable Power of Attorney” or “Financial Power of Attorney”), an Advance Health Care Directive, and a Will. Anyone with an estate with significant value (i.e., $100,000.00 or more), or having any real estate should also consider setting up a Living Trust. Living Trusts help avoid costly and time-consuming probate proceedings and allow day-to-day operations to continue smoothly.
Your Estate Plan can, and should, be updated as circumstances change, and MNB’s estate planning attorneys in Los Angeles, CA can help you make those changes.
It is always recommended that an experienced estate planning attorney in LA draft any of your estate planning documents, whether you are creating a new Estate Plan or revising an existing one. A Will that is not properly drafted can be contested by other possible heirs in court and result in your wishes not being honored. All too often those relatives a person did not want to inherit anything end up receiving a good percentage of the estate because the person failed to plan or did not plan properly.
If you want to make sure your wishes are legally and properly documented, it is best to seek the advice of an attorney experienced in Estate Planning in California.
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MNB’s Estate Planning attorneys can help you create an Estate Plan that gives you peace of mind.
We bring business insight, coupled with creative ideas and problem solving skills to our combined 35+ years of legal experience.
MNB’s estate planning lawyers in Los Angeles, California have the knowledge and experience to advise you if a Will alone is sufficient to secure your property and final wishes, or if your estate and your intended beneficiaries would be better protected using a Trust or other Estate Planning protection.
Once our Los Angeles estate planning lawyers have reviewed the best strategies for your Estate Plan and the fees for our preparation of the same, we will structure a comprehensive Estate Plan custom-tailored specifically to protect your assets and allow you to stay in control of your life, your money and property, and the future of your family. So call us today at (818) 344-9200 or fill out our online form and have your case evaluated by our team of attorneys.
Estate planning is the transfer of the individual’s property after they die. It also involves a will and application of state intestacy laws.
Yes, it is important to have an estate plan in place as it decides who will benefit from the will in the future. It also saves the assets from the taxes imposed after the death of an individual.
It is not important to have a will as per the California Law but it is beneficial to have one in order to avoid misuse of your assets after your death.
A will helps decide what happens with your valuable assets. It also provides the distribution portion of your business, home and property after your death.
An irrevocable trust is the trust that cannot be amended once it is created and are tax sensitive contracts.
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