Orange County is the third most populous county in California as of the 2010 census. As such, it is one of the greater economic powerhouses of California. Some of the main pillars of the economy being a leader in tech, manufacturing, garment and fashion, as well as tourism and education. Due to the thriving economy and ever increasing property values within the county, the importance of an Orange County estate planning attorney has never been greater. The average household income of an Orange County household is $125,325 annually.This predominantly white-collar workforce has a total of 743,462 family households with 363,136 of those having children. In total, there are 1,093,815 housing units with the median build year being 1972, and a median house value being $695,300. With such high stakes and estate values, it’s advisable to have a professional Orange County will and trust lawyer on hand in order to plan and execute a variety of potential scenarios.
While many believe trusts to be straight-forward in planning and execution, many can benefit by a customized estate plan. When administering a trust, some relationships can be strained between the trustee executing the will and its beneficiaries. To add complexity, the often highly personal nature and emotionally straining aspects of these situations requires the careful touch of a professional Probate and trust lawyer. Contests and trust disputes tend to encompass the estate litigation cases that we see. While probate administration must go through the court of probate, trust administration is something that can be handled in a private capacity. If litigation is necessary of the case, our lawyers are able to represent any party perspective. Legal guidance may be a necessary when proper execution of documents have not been conducted. In other cases, lack of capacity on the part of the estate owner may have taken place – in this instance the decedent may have not been in sound mind when the instrument was executed and therefore may be able to be rendered ineffective. This type of situation is compounded when a potential beneficiary may have had undue influence on the decedent prior to his or her death. In this case, Alzheimer’s or dementia may have been a contributing factor to this undue influence.
The median age of Orange County is considerably higher than other California counties. As a result, legal considerations when it comes to the planning of trust and wills should be heavily considered with the assistance of an Orange County estate planning lawyer.