Torrance Estate Planning Lawyer
Greet the Future with Confidence - Call (888) 910-6652
Although difficult to consider the future of your loved ones after you're gone, it is important to do so while you are still capable of making decisions for yourself. Estate planning is a critical part of life, regardless of your age, and can make it easier to walk into the unknown with confidence. To ensure that your family and assets are protected, the Law Offices of James C. Shields is here with nearly two decades of experience. We want to give you control of your assets by guiding you through the complexities of estate planning.
Don't put the future off any longer. Call our Torrance estate planning lawyers today!
We Believe Planning for Tomorrow Starts Today
For years, the common assumption was that estate planning was only applicable for elderly individuals or extremely wealthy families. Our firm knows that this is far from the truth. No matter the dollar amount on your bank account, estate planning offers protection to your loved ones and gives you the say-so of your most cherished assets.
There are many different layers to estate planning and what works for one person may not suit your own circumstances. Our Torrance Estate Planning Attorney offer a personalized approach to each case, which means that we will work with you to establish solutions you are most comfortable with.
Our South Bay estate planning firm has experience with:
- Drafting wills & trusts
- Establishing powers of attorney
- Arranging guardianships
- Overseeing estate tax planning
- Planning for special needs care
- Implementing business succession plans
Experience with California Estate Law
Estate planning is highly entwined with state law, and California has its own provisions when it comes to estate planning. Importantly, while California does not impose its own state taxes on estates, you will likely need to file taxes on behalf of the deceased, including:
- Final federal and state income tax returns
- Federal estate tax returns
- Federal estate and trust income tax returns
Additionally, California is a community property state. This means that all property a married couple recieves during marriage, except for gifts and inheritance that are provably kept separate from the rest of the marital property, automatically becomes joint property. This can highly affect the estate planning and probate process.
These are just a few examples of the various ways that state laws can affect your estate plan. Our Torrance attorneys can look over your unique situation to determine your best strategy that is legally compliant with both state and federal law.
Reach Out to Our Estate Planning Attorneys in Torrance, CA!
Estate planning is extremely personal and involves in-depth assessments of your finances. You can trust our estate planning Attorney in Torrance, CA to treat your case with respect and integrity, always placing your best interests at the forefront of all that we do.
By planning for the future now, you are free to enjoy all the time you have left with your loved ones. For about the past 20 years, individuals throughout Torrance have looked to our firm for reliable legal counsel and representation. We would be honored to make you a part of our firm's success.
The best way to get started is with a free, no-obligation estate planning consultation. Schedule yours today by filling out our online form.
Have More Questions About Estate Planning in Torrance?
Check out our related blogs! Our estate planning lawyer in Torrance, CA has provided extensive advice for a number of different questions:
- Estate planning: where do you start?
- Do you need an estate plan?
- What are the top duties of an executor?
- What are the 5 most common estate planning mistakes?
- How do you talk to your parents about getting an estate plan?
- How does fiduciary duty effect trust & estate administration?
- How should I deal with multi-generational needs in an estate plan?
- Should I develop an estate plan, even if I don't have a lot of assets?
- What is the best way to estate plan for a blended family?
We Can Help You Find Financial Freedom
We Diligently Represent Your Interests
Over 50 Years of Collective Experience