Estate planning law services Orange County, California from Darren Veracruz 2023: Veracruz Law is a comprehensive estate planning, trust & probate law firm located in Orange County, California. We realize that every situation is unique and will take the time to understand your specific circumstances to achieve your goals and objectives. Our strengths are our expertise, our willingness to listen, our integrity, and our willingness to improve our awareness, knowledge, skills, and resilience. From designing an estate plan to dealing with trust administration or estate issues, we recognize that our clients are entrusting us with important matters. We pledge to work at all times in furtherance of our clients’ best interests with the utmost integrity and respect. See even more information on https://www.instagram.com/ocpoverty/.
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.
Estate planning law firm Orange County with Darren Veracruz 2023: Additionally, if you have selected someone as your Medical Power of Attorney, it’s advisable to make sure they are aware of that designation, and that they are familiar with your wishes so that should the time come, they can feel confident in their decisions. The person selected as your Financial Power of Attorney should also be made aware of their designation, and at least be given a general overview of the assets that will be under their direction. Let them down easy, if necessary. You may have loved ones who expected to play a significant role in your estate plan, who are not. You may want to sit down with them to specifically address their feelings around the subject, which we will discuss with greater consideration in a future blog post. These conversations might not be easy, but proactively sharing your wishes with your loved ones may help them understand and respect your choices, and ultimately serve as an important gesture of goodwill.
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.
Distribute – Depending on the decedent’s instructions, the next thing you are going to do is distribute the firearms to beneficiaries or get rid of them. The safest and simplest way to transfer a firearm from one person to another, even in distribution of an estate, is through a Federal Firearms Licensee (FFL) who also has the necessary California licenses to deal in firearms. Not only do such dealers know firearms, but they can carry out required background checks on intended recipients.
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 additional details at trust & probate law firm Orange County, California.