claveranlawfirm-blog
Claveran Law Firm
Assisting clients with Estate Planning, Asset Protection, Planning for Children, Business Entity Formation and more!
5199 E Pacific Coast Hwy #508
Long Beach, CA 90804
(562) 494-2828
www.estateplanningredefined.com
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We advise our clients on business law, start-up assistance relating to the formation of an entity, the protection of a trademark or license agreement and assist with buying or selling a business.
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At the conclusion of a successful estate planning process, your family will be armed with the necessary knowledge to ensure that you, & not the government, will control inheritances and important decisions impacting your family.
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Special needs trusts (SNT) may be created when a beneficiary is unable to manage funds due to a mental or physical incapacity, and/or where a beneficiary requires or may require government benefits.
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What is the difference between Guardianship & Power Attorney? Guardianship are where the court chooses who will act as guardian while a power attorney, you get to choose who you want to act for you.
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What is Probate? It is essentially he legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off.
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What are benefits of having a living trust? A Living Trust Avoids Probate, A Living Trust May Save You Money and A Living Trust Provides Privacy.
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Do you know the advantages of having a will? Click on the link to see 5 benefits of having a will in place. http://ow.ly/9b7Z30m4807
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Probate refers to the process whereby certain of decedent's debts may be settled and legal title to the decedent's property held in the decedent's name alone and not otherwise distributed by law is transferred to heirs and beneficiaries.
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Click on this link http://ow.ly/bkkk30lR7Nz to see the 10 things you should know about writing a Will.
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The purpose of your Conservatorship bond is to protect the ward or incapacitated individual whom you are serving. The bond protects against theft, fraud, misrepresentation, or improper handling of assets.
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As a living trust is not made public, upon your death, your estate will be distributed in private. This would be considered a good benefit of having a living trust.
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Special Needs
Special needs trusts (SNT) may be created when a beneficiary is unable to manage funds due to a mental or physical incapacity, and/or where a beneficiary requires or may require government benefits, the qualification of which may be threatened by the beneficiary holding assets directly.
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A revocable living trust is a document that allows individuals to continue to own and control their property while they are alive, then transfer it to whoever they want after they die, all while avoiding probate. This important estate planning tool is very appealing to many California residents because of its flexibility.
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The California Probate Code covers problems arising during the life or death of people close to you. You will probably need a probate lawyer if a family member, friend or colleague dies or is no longer able to handle his or her own affairs. You should also consult a probate lawyer when a minor inherits money, because they may need a guardian to oversee the inheritance.
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Guardianship & Conservatorship
A vital part of the Conservator ship or Guardianship establishment process is choosing a respectable lawyer who will help you properly complete and file the correct documents.
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You've worked hard your whole life to provide for your family and make your loved ones more secure. Without advanced strategies, much of the significant assets you have accumulated may end up with the IRS and state taxing authorities.
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