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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How To Retrieve Unclaimed Inheritance Money - Werner Law Firm

How to Retrieve Unclaimed Inheritance Money

POSTED ON: August 25, 2022 BY: The Werner Law Firm, PC
Everything we leave behind must be redistributed among the living when we die. However, what happens if the residents can't locate what we have left behind? What happens to forgotten bank accounts, retirement funds left inaccessible, unclaimed wages, and property with no deeds or paperwork? What happens to everything that is lost to time or […]
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What Is the Gift Tax Limit in California? - Werner Law Firm

What's the Gift Tax Limit in California?

POSTED ON: August 18, 2022 BY: The Werner Law Firm, PC
Ever wondered why people don't just transfer their home titles to their children while they're alive, rather than waiting until they die after being written into the will? Aside from losing out on the equity of a home or investment property holds – and thereby losing the value of that equity in your retirement years […]
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Should an AB Trust Be Part of Your Estate Plan? - Werner Law Firm

Should an AB Trust Be Part of Your Estate Plan?

POSTED ON: August 10, 2022 BY: The Werner Law Firm, PC
AB trusts are an increasingly uncommon albeit valuable type of living trust, specialized for wealth preservation, tax avoidance, and long-term financial planning. At its core, an AB trust requires a married couple to file a two-part trust scheme that utilizes the individual tax exemption limits to create a tax-free inheritance for their ultimate beneficiaries. AB trusts are not […]
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What's the Purpose of a Lawyer Retainer? - Werner Law Firm

What's the Purpose of a Lawyer Retainer?

POSTED ON: August 8, 2022 BY: The Werner Law Firm, PC
It comes as no surprise to anyone that legal work is hard work – and in many cases, expensive work. The average person does not seek the advice or help of an attorney lightly and wants to be sure that their hard-earned money will be well-spent. As such, a considerable portion of the initial negotiations […]
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How California Determines Affidavit of Heirship - Werner Law

How California Determines Affidavit of Heirship

POSTED ON: August 4, 2022 BY: The Werner Law Firm, PC
When we die, everything we leave behind must be transferred and distributed among the living. Yet we do not all distribute our financial and material legacy equally. Some people utilize estate plans to determine distribution, drafting different documents to establish a succession order among heirs and beneficiaries, designate beneficiaries for specific assets, hold certain assets […]
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The Most Common Grounds for Disinheritance - Werner Law

The Most Common Grounds for Disinheritance

POSTED ON: July 29, 2022 BY: The Werner Law Firm, PC
Disinheritance can be a tricky thing. It is not easy to disinherit someone, and they do have the ability to fight back against your disinheritance, if your reasons are too shaky. Solid grounds for disinheritance and the professional expertise of a lawyer will be needed to carry out a disinheritance against someone with any interest […]
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A Guide to Incapacity Planning in California - Werner Law

A Guide to Incapacity Planning in California

POSTED ON: July 25, 2022 BY: The Werner Law Firm, PC
What happens to your financial affairs when you are incapacitated? Who makes important healthcare decisions for you when you’re unresponsive? How are your financial responsibilities, from managing payroll to paying off your debts, managed while you are in a coma? The answer, in most of these situations, is that a court decides for you, directly […]
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What Should Be Included in a Simple Will? - Werner Law

What Should Be Included in a Simple Will?

POSTED ON: July 20, 2022 BY: The Werner Law Firm, PC
The quintessential cornerstone of nearly any estate plan is the will. It is the first document that comes to mind when we talk about inheritance and bequeathment, and it is a versatile tool with the ability to distribute property and assets, name guardians for our minor dependents, and even make note of funerary wishes. Dying […]
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How Does a Discretionary Trust Work? - Werner Law Firm

How Does a Discretionary Trust Work?

POSTED ON: July 15, 2022 BY: The Werner Law Firm, PC
Discretionary trusts can be established for various reasons, making them an asset in any estate plan. Their flexibility allows you to utilize trust as the glue to any estate plan. This plan means your will and powers of attorney prepare contingencies for incapacity or ensure the distribution of your estate upon death. A trust can […]
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6 Key Estate Planning Questions to Ask Your Attorney - Werner Law

6 Key Estate Planning Questions to Ask Your Attorney

POSTED ON: July 6, 2022 BY: The Werner Law Firm, PC
Despite popular opinion, the benefits of estate planning are not limited to the rich and powerful. Taking care of your estate before death not only ensures a quick and painless transition for your loved ones but can avoid unwanted or awkward situations in complex cases, including owning properties in separate states, outdated or misinformed beneficiary […]
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship! See full disclaimer here.