by LM2 | Dec 21, 2023 | Estate Planning, Inheritance |
Every parent dreams of leaving behind a legacy for their children, a testament to years of hard work, dedication, and love. But what if you know, deep down, that your child might squander that inheritance? It’s a heart-wrenching thought, especially when...
by LM2 | Dec 15, 2023 | Estate Planning, Power of Attorney |
Life is ever-changing, and so are our relationships. If you’ve previously designated someone as your agent in a Power of Attorney (POA) and feel that the dynamics of your relationship have shifted, it’s crucial to act swiftly. Begin by introspecting on the...
by LM2 | Nov 29, 2023 | Estate Planning |
The “estate” you own comprises much more than just physical real estate. Whether you have a modest income or sizeable assets, understanding the full scope of your estate is essential for planning purposes. Let’s delve into the various components of an estate...
by LM2 | Nov 14, 2023 | Estate Planning, Trustee, Trusts |
Designing a trust is a significant move in estate planning, one that provides flexibility and potential tax advantages. Central to the operation of any trust is the Trustee, responsible for managing and distributing the trust’s assets as per its terms. Given...
by LM2 | Nov 7, 2023 | Estate Planning |
“I’ll get to it later.” It’s a phrase many of us have uttered, especially when it comes to tasks that feel overwhelming or too distant to be pressing. Estate planning, for many, falls into this category. But as any experienced Torrance will...
by LM2 | Oct 28, 2023 | Estate Planning, Probate |
As an experienced Torrance probate attorney, I often receive questions from clients about the relationship between life insurance proceeds and estate debts. Many beneficiaries are uncertain about whether they are obliged to use life insurance proceeds to cover the...
