Trust & probate law services Orange County, California from Darren Veracruz Law today: Living Trusts: Having a legal document that details what should happen to your assets upon your demise is a vital part of estate planning. One way to make sure that your final wishes are met is to create a living trust. There are three distinct benefits of creating a living trust; avoiding probate, saving money and maintaining the privacy of your estate. Probate Administration: Administering the estate of a person transferring their assets with a will or those dying without estate planning documents has benefits but the process is complicated and time consuming. We can help you understand your choices. Discover extra information on Darren Veracruz Orange County, California.
Parents choose to leave an inheritance to their children for a number of reasons. They may want to make certain that their children are cared for if they are no longer present to support them, or they may wish to provide a solid financial foundation on which their children can build a bright future. Unfortunately, when it comes to an inheritance, not everyone is equipped to handle a windfall of cash — whether the amount is in the millions or thousands.
Trust & probate law services Orange County, California with Darren Veracruz Law 2023: What you don’t know can hurt you or rather, hurt your children. Many of my clients have children that recently graduated from high school and are now getting ready to send their children off to college. There are some things that you need to know once your child reaches the age of 18 that may not be at the forefront of your mind. Some of those things are (1) that you no longer have access to their medical records, (2) you no longer have carte blanche authority to make medical decisions for them or (3) in some cases to know what their grades are in school. Generally, there are several simple yet important documents that every 18-year-old should have as part of their estate plan. I know you’re thinking… “My child doesn’t have an estate.” Be that as it may, having the right incapacity documents on board is considered estate planning.
LSSSC currently operates on a $16.5M budget for Fiscal Year 2021 –2022. Over 80% of the agency’s budget is generated from government contracts. Most of LSSSC’s government contracts and programs have been sustained since 2011. Some contracts –such as the previously mentioned HUD PSH contract through the County of San Bernardino –have been renewed as far back as 2003. The agency’s ability to be responsible stewards of government grants/contracts is directly related to its outstanding fiscal management structure and capacity to execute these high-quality outcome-driven programs.
Secure and Clear – If you do not know what this means then you need to find a responsible gun owner to help you. Firearms must be stored unloaded and in a manner approved by the California Department of Justice. Understanding and learning how to clear a gun is not something that can be learned on YouTube. It is a very important process that needs to be done by someone who has handled and worked with firearms before. If you are not familiar with common firearm actions, you should be accompanied by someone who is to help you throughout the process.
The second document is what we call a California Statutory Power of Attorney. This is the document that most banks and financial institutions are familiar with and therefore we recommend it. However, it doesn’t cover the universe of things that could or might happen, so we typically recommend augmenting that with a second documents, an expanded Durable Power of Attorney that is custom drafted. The third document that is critical to have as part of your child’s estate plan is the HIPAA Authorization for Release of Information. A properly drafted global HIPAA allows the nominated parties to receive medical information about the condition of the person who has signed the release. If your child is injured and taken to the hospital, the hospital is technically not supposed to release information about their condition or even that they’re at the hospital to anyone. But if your child executes this release, you can fax this to the hospital or present it in person and they will be able to release information to you. See extra details at estate planning attorneys Orange County, California.