We would like to thank our neighbors in Anaheim for visiting our website. If you are looking for a licensed estate planning attorney in Orange County, you have found a reliable local resource. Anaheim, a city in Orange County that is included in the Los Angeles metro area, has the largest population in Orange County with more than 330,000 residents. Anaheim is home to the Disneyland Resort and known for its two major sports teams, the Angels baseball team and the Anaheim Ducks ice hockey team.
A Popular Tourist Attraction
Disneyland is not the only reason that Anaheim is known for attracting visitors from all over the country. In fact, it is the mission of the city to market itself as a premier tourist destination which will continue to benefit the economy. The city has been one of the leading locations for conventions since 1967.
Anaheim in Orange County
Popularly known as The OC, Orange County is best known for its Southern California fun! Anaheim is situated between Los Angeles and San Diego and has so many things to see and do. Shopping, entertainment, beautiful beaches, championship golf, historic landmarks and many family attractions make Anaheim a wonderful place to visit.
The Need for Estate Planning for Anaheim Residents
Estate planning is the way you prepare yourself and your family for what happens after your death. Estate planning also allows you to plan for unexpected incapacity. Planning for the future is critical for everyone, regardless of the size of your estate or the size of your family. Planning ahead gives you the opportunity to specify who will inherit your property after your death while helping you to reduce the taxes your estate will have to pay. If you become incapacitated, either temporarily or permanently, your estate plan can provide the protection you and your family will need, if you are unable to make decisions for yourself.
Make Sure Your Assets Go to Those You Choose
Possibly the most basic reason for having an estate plan is to keep your property from ending up with someone you don’t want to have it. The reality is, if you don’t make the decision now about who should receive your assets, the court will do it for you. The primary purpose of an estate plan is to designate which of your heirs should receive which assets. If the court is required to do this for you, it can take years to complete and often leads to unwanted family disputes. Remember, courts do not automatically decide that a surviving spouse will get everything.
Estate Planning Can Help Reduce Estate Taxes
If you want to be sure that your heirs will not be paying more than they absolutely must pay in estate taxes, then you need to have an estate plan. Another major goal of estate planning is protecting your heirs from a huge tax burden. A component of your estate plan should help you to transfer your assets to your heirs while maintaining the smallest tax burden possible. It doesn’t take major planning to reduce or even eliminate estate taxes if the right exemptions and deductions are used. But, without an estate plan, your heirs will likely be forced to pay the government quite a bit.
Avoiding Family Disputes Over Inheritance
Choosing how to divide your estate fairly among your loved ones can be a challenge. Unless you provide very specific instructions in your estate plan, your executor will be left to decide. Avoiding family heirloom disputes can be accomplished with some planning. Ultimately, you wouldn’t want to see your family fighting over your personal possessions after you pass on. An estate plan you can help you to avoid many of the challenges that come with distributing an estate.
The Time to Create Your Estate Plan is Now
Many clients delay creating an estate plan because they think they are too young to need it or they don’t have enough assets to worry about it. Yet, in reality, we cannot predict how long we have to live, or whether we will suffer from an illness or accident that leaves us incapacitated. For that reason, estate planning should be a priority sooner rather than later. Once disaster strikes or the unexpected happens, it may be too late. The families of clients who don’t plan ahead are left to pick up the pieces, often without any idea how to start.
If you have questions regarding estate planning, trust contests, or any other trust administration issues, please contact the Schomer Law Group either online or by calling us in Los Angeles at (310) 337-7696.
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