Estate Planning, Wills and Trusts

Estate Planning

If you don’t have an estate plan, the state of California and the IRS will create one for you. Unfortunately, their plan will not be geared toward minimizing taxes or looking out for the best interests of you, your heirs and your legacy. This is what makes having your own estate plan so important—and having it created by an attorney who focuses exclusively on estate planning and wealth preservation. As an experienced Estate Planning law firm, we go well beyond “traditional” approaches, by using the most advanced legal techniques available to help you take full advantage of recent changes in the law and better prepare for the life changes that will impact you and your family. So even if you already have an estate plan, chances are we can make it significantly better. After all, an outdated or inadequate plan is often worse than no plan at all.

The Estate Planning services we provide include:

  • Foundational Estate Planning
  • Revocable Living Trusts
  • Wills
  • Powers of Attorney
  • Health Care Directives
  • HIPAA Authorizations

Advanced Estate Planning

  • Dynasty Trusts
  • Irrevocable Trusts
  • Life Insurance Trusts
  • Family Limited Partnerships
  • Qualified Personal Residence Trusts
  • Gift Programs
  • Retirement Trusts
  • Minors’ Trusts
  • Generation-Skipping Trusts
  • Tax Planning

Business Succession Planning

  • Charitable Planning, including Private Foundations and Charitable Trusts

IRA Planning

The IRA is a great tool for reducing taxes, but when you start drawing from it, Uncle Sam is going to want his cut, particularly after you pass away. In fact, taxes can devour a huge portion of your IRA when its assets are passed on to loved ones. Fortunately, there have been exciting new changes to the laws governing IRAs and Retirement Plans. We can show you little-known techniques, such as setting up a special Retirement Trust, that will allow you to take advantage of the recent changes to the law and protect more of your IRA assets for your loved ones and legacy.

Wills and Living Trusts

If you die without either a Will or a Living Trust, the state of California will control how your property is dispersed. Settling your estate will probably be more difficult and costly as well. The best-known difference between a Will and a Living Trust is that a Living Trust allows your estate to avoid probate at your death. But this is just one of many advantages the Living Trust has over a Will. A well-designed Living Trust that takes full advantage of recent changes to the law can give you complete control over how your assets are distributed, reduce taxes, assure privacy, protect your beneficiaries, and more.

Individuals and families often wonder if they need a Living Trust. This depends on a wide range of factors, but one thing is certain—not all Living Trusts are created equal. Trusts prepared by non-attorneys, do-it-yourself software, and even bare bones or out-of-date plans prepared by attorneys, have left many individuals and families without proper protection. Be sure to have your Living Trust designed by an experienced Estate Planning attorney well versed in the latest legal developments. Also, don’t underestimate the importance of choosing the proper representative or trustee. It is one of the most important decisions you can make concerning how your finances are handled while you are alive, as well as how they will be distributed to and protected for your heirs.

The Sydney Law Firm, P.C.
Office Locations

Estate Planning Attorneys
for Los Angeles and Ventura County
5950 Canoga Ave.
Suite 240
Woodland Hills, CA 91367
Phone: (818) 594-0500
Fax: (818) 594-0501
Maps | Directions
300 E. Esplanade Dr.
Suite 900
Oxnard, CA 93035
Phone: (818) 594-0500
Fax: (818) 594-0501
Maps | Directions

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