LEGAL EXPERTISE - ESTATE PLANNING
At The Law Office of Scott G. Morrison, we consider Estate Planning to be a process where clients advise us of their goals and our office prepares various documents, comprising an Estate Planning portfolio, that are intended to prevent and/or delay unnecessary complications in the event of an unexpected tragedy such as incapacity or death.
By having a well designed complete Estate Planning portfolio, clients assure that their goals are carried out with regard to what will take place with the distribution of assets and the care and maintenance of minor children in the event of a passing and/or incapacity. The Law Office of Scott G. Morrison ensures that your wishes are properly memorialized to create a predictable and appropriate post-death result, and that nominated agents, such as family and friends, will be able to efficiently manage financial and personal affairs.
In the Estate Planning process, Mr. Morrison meets with clients to discuss their goals, assets and plans for the future. After understanding the client's needs and desires, we will draft the appropriate Estate Planning documents. Once complete, the documents that comprise the Estate Planning portfolio are essential to a smooth transition in the event of incapacity or death. In this regard, our basic Estate Planning portfolio includes the following documents:
- Revocable trust
- Pour-Over Will
- Power of Attorney for Financial and Property Matters
- Nomination of Conservator of Estate
- Advance Health Care Directives
- HIPAA Authorization document
- Property Ownership Agreement, if applicable
- Assignment documents related to the transfer of assets into the revocable trust
- Transfer deeds for real property located in the state of California
Of course, for clients who have more sophisticated financial needs, Mr. Morrison is able to assist clients with advanced Estate Planning, including employing the use of irrevocable life insurance trusts, charitable trusts, business succession planning, gifting, and many other vehicles and strategies designed to minimize or eliminate estate taxes.
