Orange County Probate and Estate Planning Blog

Welcome to Our Blog

What Does It Mean to Be a Trustee?

Posted by Charles Kausen | May 23, 2024 | 0 Comments

This guide is intended to give you a brief overview of a trustee's common duties, tasks, and goals.  Hopefully, this article will give you some background, but it is no way meant to be exhaustive or one-size-fits-all.  As you read, you will likely come up with questions.  When you do, feel free t...

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Do I Need a Trust and an LLC?

Posted by Charles Kausen | Apr 25, 2024 | 0 Comments

So you have an estate plan consisting of a will and trust.  Are you done?  Maybe not.  For many clients, a California Limited Liability Company can help add important protections for an estate that goes beyond a California Trust.   What are the Estate Planning Benefits of a California LLC? As ...

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When Do I Need a Trust in California?

Posted by Charles Kausen | Apr 17, 2024 | 0 Comments

Trusts are just for "rich" folks, right? Nope! In fact, setting up a trust can be a smart move for anyone, no matter how big or small your stash of assets is. Let's break down some of the most common life events that prompt normal people to consider creating a California trust. 1. Buying a Hou...

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Minimizing Your Taxes through Thoughtful Planning

Posted by Mary G. Finlay | Jan 24, 2017 | 0 Comments

President Trump has vowed to overhaul the tax system. Aside from reducing the federal tax rates, Trump has proposed eliminating most deductions including the state tax deduction. As California has the dubious distinction of extremely high tax rates, Trump's proposal could have serious consequence...

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Trust Matters

Posted by Mary G. Finlay | Jan 09, 2017 | 0 Comments

If you are lucky enough to own a home, it is likely that you currently have done some type of planning for after your demise. However, how long has it been since you looked at the documents in that shiny red folder labeled estate plan? If you are like most clients I know (including yours truly), ...

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Colorful Goodbyes

Posted by Mary G. Finlay | Nov 11, 2016 | 0 Comments

Many people view their last will and testament as a final opportunity to make a statement to the world about who they are and who and what they care about. Some of the most notorious devisees immediately come to mind. Leona Helmsley aka the “Queen of Mean”: The infamous tax felon left 12 million...

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Is An A/B Trust Still Necessary And Advisable?

Posted by Mary G. Finlay | Mar 31, 2016 | 0 Comments

IS AN A/B TRUST STILL NECESSARY AND ADVISABLE? To understand why an A/B Trust may no longer be necessary, one has to understand the estate tax system. In the U.S., every person can transfer a certain amount of property (whether real or personal) to loved ones without being subject to estate tax. ...

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Do You Need To Update Your Trust?

Posted by Mary G. Finlay | Mar 24, 2016 | 0 Comments

DO YOU NEED TO UPDATE YOUR TRUST? You bit the bullet years ago and finally have an estate plan in place. At the centerpiece of your plan is a revocable living trust. When you die, your assets will be in your living trust and your successor trustee will distribute your property pursuant to the ter...

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What Is a Health Care Directive?

Posted by Mary G. Finlay | Mar 17, 2016 | 0 Comments

A health care directive is a document whereby you appoint an agent to make health care decisions for you should you become unable to make decisions for yourself. In the document, you specify under what circumstances you wish for your life to be sustained. The health care directive also can serve ...

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Beneficiaries' Rights and No Contest Clauses in Trusts

Posted by Mary G. Finlay | Jun 20, 2013 | 0 Comments

Many times, clients plan ahead and have an experienced lawyer draft an estate plan which includes a trust. The clients then duly transfer their assets into the trust. As a result, when they die, their heirs do not have to go through the California probate process because their property will be di...

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Learn More about the Finlay Law Group!

Posted by Mary G. Finlay | Nov 30, 2012 | 0 Comments

Every adult should be planning for their future by creating a will or trust that they can pass on to future generations. Whether you are newly married and want to include your spouse in your estate plans, or are a grandparent of seven grandchildren and want to apportion your assets to them all eq...

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Welcome to My Blog!

Posted by Mary G. Finlay | Oct 04, 2012 | 0 Comments

At Finlay Law Group, APC, I am intent on providing answers, information, and legal assistance to my clients. Check back frequently for helpful information and tips regarding probate, trusts, and other estate planning issues.

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