Esteemed Estate Planning Attorney Protecting Rancho Palos Verdes & South Bay Client Assets
Planning your estate is an integral part of your overall household asset management and the best way to protect yourself and your family in the future. Furthermore, it is important to take this step right now while you are of sound mind and body. At Lane Law Group, Inc., we have helped countless clients throughout California establish estate plans that stand the test of time and circumstance. We are eager to do the same for you and yours.
Why Do I Need Estate Planning?
Having a cohesive estate plan will reduce the cost of administering the estate after death and can help achieve any goals that you have for your family. For many clients this includes:
- Ways to reduce or eliminate estate tax
- Protect assets from creditors
- Planning for possible property tax issues in regards to California’s Proposition 13
- Planning for charitable giving
What Kind of Estate Planning Documents Does My Family Need?
Depending on a variety of factors each family’s estate plan will contain different and unique documents. We take into consideration each family’s unique relationships and goals to ensure that the estate plan we provide meets the needs of your family. Most estate plans revolve around the Family Trust which designates who the successor trustee is and how the assets are distributed to the beneficiaries of the Trust. Each trustee will have a Will, that typically gives all assets to the family trust, incase assets are not property funded in the trust at their time of death. Included in our inclusive estate plan are financial and medical powers of attorney that designate who you would like to act if you are no longer capable of managing your own affairs and health. For example, many people designate their spouse as a power of attorney if they become physically or mentally incapacitated. Having a cohesive estate plan is the backbone of ensuring that your assets and family are protected and your final wishes are met.
As parents, looking after our kids is a top priority. Our The Protect-a-Kid Kit™ is designed to offer peace of mind that in case of a tragic event that our loved ones will understand our wishes for our children’s care and well-being. The Kit will select preferred guardians of minor children and will provide the guardian with legal authority to provide medical care and take custody of your children. Additionally, the Kit serves as a location to store all information about each child. By giving this knowledge to those you have selected to care for your children, you will enable them to have a better understanding of your children, making a difficult situation just a little easier.
Other Estate Planning Services
Is there someone in your life you trust and want to be able to make decisions on your behalf if you are unable to do so yourself? If so, we can help you establish one or more powers of attorney for a wide variety of circumstances. For example, many people designate their spouse as a power of attorney if they became physically or mentally incapacitated. Also common is the practice of establishing a professional power of attorney — such as a business partner or family lawyer — to manage their finances in the event of an emergency.
Lane Law Group, Inc. also provides reliable trust administration services.
Safeguarding Your Family’s Future
Regardless of the number and value of assets you own, planning your estate now is the best thing you can do to acquire peace of mind and ensure that your loved ones are cared for in any potential situation. Whatever your goals, the friendly and capable team at Lane Law Group, Inc. can help you plan a legacy of which you can be proud.