Estate Planning Attorney Chatsworth, CA
Many people are aware that comprehensive estate planning is critical for ensuring that their lifetime assets — whether in the form of real estate investments, savings accounts, life insurance proceeds, retirement accounts, or personal property, among other things — are distributed to the correct beneficiaries in the correct proportions. It is also well understood that proper estate planning can minimize tax liabilities in large estates.
Of course, estate planning can be complicated, even for estates that don’t contain large amounts of assets. As of 2018, the glut of cheap, generic estate planning solutions online has fooled many into thinking that effective estate planning is a basic process that requires an hour or two on a lazy Sunday afternoon. In reality, however, effective estate planning is a collaborative and comprehensive effort that demands a more personalized consideration of one’s estate assets and strategic objectives. People may save a few hundred dollars by doing their own estate planning or working with a non-attorney estate planner, but those savings frequently result in huge losses to their beneficiaries. Poor estate plans often lead to unintended results, and frequently result in lawsuits among beneficiaries that can cost tens of thousands of dollars.
Chatsworth Area Estate Planning Attorney Can Help You Develop an Airtight Distribution Structure
Here at the Law Offices of Darrell C. Harriman, our skilled estate planning attorney utilizes a range of planning structures and tools to secure the assets of his clients. These include, but are not necessarily limited to, the following:
- Revocable living trusts, spendthrift trusts, special needs trusts, credit shelter trusts, and other types of trusts
- Powers of attorney
- Advanced healthcare directives forms
- Personalized clauses that minimize conflict among beneficiaries
- And more!
With adequate planning, moving your assets into a trust (and making use of alternative asset structures such as joint tenancy) can minimize your tax liabilities, protect you from costly conservatorships if you become incapacitated and need others to handle your affairs, and help your beneficiaries avoid costly and time-consuming probate procedures.
Other Estate Planning Tools near Chatsworth, CA: Advanced Healthcare Directives & Financial Powers of Attorney
Estate planning does not exclusively concern trusts and wills, however — it must also take into consideration scenarios where you have been rendered incapacitated by an unexpected injury or illness.
Comprehensive estate planning typically includes the creation of an advanced healthcare directive (which gives you the opportunity to dictate how you will be treated in the event of an incapacitating injury, or terminal illness) and a financial power of attorney (which gives you the opportunity to choose a representative who will administer your finances while you are incapacitated). These estate planning tools are essential to ensuring that your post-incapacitation needs are met without expensive court proceedings, but they are often ignored by “cheap” and inexperienced estate planning providers.
The Law Offices of Darrell C. Harriman Provides Comprehensive Estate Planning Services in Chatsworth, California
In today’s legal industry, too many “general practitioners” advertise their services in areas that demand specialized knowledge. This is especially true of estate planning. Here at the Law Offices of Darrell C. Harriman, we are committed to providing comprehensive estate planning and probate administration services – and we have been doing so in Chatsworth, CA for over 35 years. We believe that by narrowing our practice area focus to estate planning and probate concerns, we are better equipped to effectively navigate unforeseen complications as they arise.
Founding Attorney Daniel C. Harriman is an advocate of a client-first mentality. What does this mean, exactly? We view our clients as collaborators in the estate planning process. We prioritize the needs of our clients, ensuring that they receive personalized representation in their estate planning matters.
At the Law Offices of Darrell C. Harriman, the lines of communication between attorney and client are wide open. You are encouraged to discuss any questions and concerns you may have about the estate planning process. We strive to provide prompt and clear answers that cut to the core of the issue.
Schedule a Consultation with an Experienced Chatsworth-Area Estate Planning Lawyer
If you’re interested in speaking with Chatsworth-area attorney who can assist you with the process of evaluating your various estate planning options and developing an airtight plan that minimizes your tax liabilities, shields your assets from potential creditors, and distributes the assets to your intended beneficiaries efficiently, get in touch with the Law Offices of Darrell C. Harriman. Call (818) 264-4285 or submit an online form today to schedule a consultation with an experienced Chatsworth-area estate planning attorney.
Information on Chatsworth, CA
Chatsworth is a 15-square-mile neighborhood located in the northwestern portion of San Fernando Valley, itself located in the northwestern-most area of Los Angeles County. The neighborhood has a population of just 35,073 (measured by the US Census in 2000), making it one of the lowest-density areas of the city of Los Angeles.
Chatsworth is a relatively “old” and “high income” city. Nearly 33 percent of residents are age 50 or older, and the median age of Los Angeles County is 40 years old. As such, the Chatsworth neighborhood is full of residents who are at various stages in their estate planning journey — some having just recently had children, others having just recently retired.
Chatsworth is perhaps best known for the cave paintings left behind by the various Native American tribes that once occupied the region, and, in more recent times, for the Iverson Movie Ranch, which has served as the set for thousands of film productions over the years.