Tustin Estate Planning Law Blog
Can charitable giving be sustained in a strained economy?
On Behalf of Newman Law Group | Feb 1, 2023 | Estate Administration & Probate
The unprecedented surge in charitable giving in the US in 2021, reaching an estimated $485 billion, is not expected to be sustained in the long term as the economy recovers and inflation pressures mount. As a result, nonprofit organizations face rising costs while...
Wills: A guide to probate and public record
On Behalf of Newman Law Group | Jan 25, 2023 | Wills
A will is a legal document that outlines the distribution of assets and the care of minor children after the death of a person. It is an essential tool for estate planning in California, and beneficiaries need to understand the probate process and the public record of...
Securing finances for children with special needs
On Behalf of Newman Law Group | Jan 18, 2023 | Estate Administration & Probate
Caring for a special needs child starts with planning. In California, children are provided for after being included in a will or trust. Before a parent's or guardian's death, special needs planning ensures the long-term survival of a disabled child. Special needs...
Essential elements of an estate plan in California
On Behalf of Newman Law Group | Jan 16, 2023 | Estate Administration & Probate
No one likes to think about it, yet estate planning is necessary for everyone in California. Although everyone's situation is unique, with some tools working better for you than the next person, all estate plans have primary considerations in common. Here are the...
Why an estate plan should include emergency directives
On Behalf of Newman Law Group | Jan 12, 2023 | Estate Administration & Probate, Wills
Many California residents likely think of estate planning as simply a tool to distribute your assets after your death. You may not have considered what could happen to your assets if you suddenly become incapacitated when you are young. Who will make medical decisions...
Skillfully handling a large inheritance
On Behalf of Newman Law Group | Jan 9, 2023 | Estate Administration & Probate
When people in California receive a large inheritance they are often overwhelmed. Deciding what to do with the money or other assets can be difficult, especially while grieving a personal loss. The first and most important thing to know is that there is no hurry to...
Why an estate plan is essential for all adults
On Behalf of Newman Law Group | Dec 23, 2022 | Estate Administration & Probate
Estate planning isn't only for the rich. Everyone has property that will need to go somewhere after their death, including laptops, digital files, personal belongings, collectibles and cars. Creating an estate plan in California may involve more than a will. You may...
A guide to charitable organizations in California
On Behalf of Newman Law Group | Dec 16, 2022 | Estate Administration & Probate
Giving part of your assets to charity is a very noble act that not only makes other people's lives better but also brings joy to your life. The government recognizes and appreciates this selfless act by giving tax deductibles to individuals when they are passing down...
Elements of a valid will
On Behalf of Newman Law Group | Dec 5, 2022 | Wills
Writing a will is a critical component of an estate plan. California estate planners must understand that merely writing down one's wishes on paper won't likely result in a legally valid document. California's estate statutes determine a will's validity, and estate...
Estate planning for loved ones with special needs
On Behalf of Newman Law Group | Nov 23, 2022 | Estate Administration & Probate
There can be no doubt about the benefits of crafting a comprehensive estate plan, both in terms of fulfilling a California decedent's final wishes and also providing for beneficiaries of their choosing. However, the task takes on even greater importance when a loved...
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