Top-Rated California Estate Planning Attorneys
Handling Estate Planning Throughout Orange County, California
Modern Wealth Law Is Your Trusted Ally When Planning For The Future
Modern Wealth Law provides customized estate plans for individuals, families, and business owners with a wide range of assets and goals. Our Orange County estate planning attorneys believe estate planning documents should not only be legally sound, but understandable to the people who rely on them. We guide clients through estate and gift tax law, probate considerations, and long-term wealth planning, providing practical explanations and continued support in managing their estate plans. From working professionals to high net-worth families, we deliver personalized planning throughout Irvine and Orange County.
Our approach is simple. We listen. By understanding your family, financial picture, and long-term objectives, we craft estate plans that protect your loved ones and your assets, regardless of the complexity of your situation.
Our experienced attorneys John Wong and Tiffany Chiu exclusively practice in estate planning and probate matters. John Wong is a California Bar Certified Specialist in Estate Planning & Probate. With decades of combined experience, we are prepared to guide clients through their estate planning process with the goal of producing an effective estate plan tailored to your needs.
Call (949) 785-2337 or fill out a contact form below to schedule a consultation with our team.
The use of the Internet or this form for communication with Modern Wealth Law or any individual member of Modern Wealth Law does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
Recent Review:
“Tiffany helped us do a living trust restatement. The office staff was great at setting up the appointments, welcoming us, and helping us understand what to expect. Tiffany did a great job explaining our situation, outlining our options, and then executing on what we we decided. I highly recommend Modern Wealth Law!”
Verified Review on Google by Adam H.
Understanding Estate Planning
Estate planning is the process of making decisions regarding the management and distribution of your assets during your lifetime and after your passing. It also addresses who will manage your affairs if you become incapacitated, who will make health care decisions on your behalf, who will care for minor children, and when and how your beneficiaries will receive their inheritance. A well-structured estate plan can minimize taxes, avoid probate, protect beneficiaries from creditors or former spouses, and reduce the likelihood of family disputes.
Although many aspects of estate planning are governed by federal law, important rules involving property taxes, asset protection, and income taxation vary by state and even by county. Working with an estate planning attorney familiar with Irvine and Orange County law ensures your plan is properly structured for your local environment.
Customized Estate Plans Built for You
When an Orange County estate planning attorney at Modern Wealth Law prepares your estate plan, it typically includes a coordinated set of core documents designed to work together to protect your assets and your family. These documents form the foundation of your estate plan and are customized based on your goals, family structure, and financial situation.
Our attorneys ensure you understand how each document functions, how your assets will transfer, and what steps are required to keep your plan effective over time. We also provide instructions on maintaining your plan as your life circumstances change.
The Revocable Living Trust and Will
For most estate plans, the Revocable Living Trust serves as the cornerstone document. A living trust holds your assets during your lifetime while allowing you to retain full control over them. Although the trust functions as a separate legal entity, the assets are still treated as your own for tax purposes. When properly funded, assets held in the trust generally avoid probate, allowing for smoother and more private transfer to your beneficiaries after death.
Your Will works in conjunction with your living trust. Its primary role is to act as a safety net for any assets not transferred into the trust during your lifetime, directing those assets into the trust upon your passing. The Will is also where you nominate guardians for minor children, ensuring their care is determined according to your wishes.
Together, your trust and will ensure that all estate assets are distributed to the beneficiaries you choose in a clear and legally enforceable manner.
Planning for Incapacity
Estate planning is not only about what happens after death. A Durable Power of Attorney allows you to appoint a trusted person to handle your financial affairs if you become incapacitated. Similarly, an Advance Health Care Directive allows you to name someone to make medical decisions on your behalf if you are unable to do so.
These documents ensure that your affairs remain managed by people you trust, without the need for court intervention. They also provide peace of mind to your family during difficult circumstances.
Advanced Estate Planning
More sophisticated estate plans may include additional trust structures designed to address tax planning, wealth preservation, charitable giving, or asset protection goals. Modern Wealth Law advises clients on advanced planning strategies, entity formation, business succession planning, property tax reassessment issues, and preparing future generations to responsibly manage inherited wealth. Each advanced plan is tailored to the client’s long-term financial and family objectives.
Experienced Orange County Estate Planning Attorney
Each Orange County estate planning attorney at Modern Wealth Law focuses exclusively in the area of estate planning. Modern Wealth Law attorneys prepare customized trusts and other estate planning documents for clients with a wide range of backgrounds, assets and goals. To that end, Modern Wealth Law believes in drafting trusts that you can understand. We will explain the complexities of the estate and gift tax laws and provide you with explanations and instructions to assist you in the continued management of your trust. In short, Modern Wealth Law has the experience and expertise to craft trusts of all levels of sophistication without being cost-prohibitive.
If you are interested in preparing a trust for yourself or a loved one, contact our offices at Modern Wealth Law at (949) 785-2337 or fill out a contact form below to schedule a consultation with our team.
Let’s Discuss Your Situation
Now that you’ve learned more about us, we’d like to get to know you and learn more about your objectives. We’ll provide you an honest opinion of your current situation and a tailored plan to fit your goals.
The use of the Internet or this form for communication with Modern Wealth Law or any individual member of Modern Wealth Law does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
About Modern Wealth Law
Modern Wealth Law is located at 2600 Michelson Drive, Suite 950, Irvine, California 92612. Attorneys John Wong and Tiffany Chiu practice exclusively in estate and trust matters and bring decades of combined experience to their clients. John Wong is a California Bar Certified Specialist in Estate Planning and Probate.
