Orange County High Net Worth Estate Planning Lawyer

High Net Worth Estate Planning Attorney in Orange County

High-net-worth estates often require careful consideration during estate planning. Whether you wish to ensure that your wishes are honored after your death or have specific goals for transferring and protecting assets during your lifetime, an Orange County high net worth estate planning lawyer can provide you with the quality services you need. Once in place, a comprehensive estate plan can be periodically updated as needed.

Strategic Estate Planning Services for High-Net-Worth Estates

When owners of large estates in Orange County need strong representation, they trust Quinn & Dworakowski, LLP, to provide exceptional legal services and trusted advice. Our team of estate planning lawyers understands the complexities that come with owning a large estate, and we are prepared to take the time to understand the details of your estate and your goals before explaining your options and drafting the necessary estate planning tools.

When you work with our legal team, you gain the support of advocates who bring over 100 years of combined legal and courtroom experience. Our firm is highly rated by AVVO, and we have received numerous recognitions by Super Lawyers and Best Lawyers in America. Trust our diligent team of attorneys to provide you with the high-quality, comprehensive support you need to achieve your estate-planning goals.

Understanding the Estate Planning Process

In a county with more than 116,000 millionaire households, estate planning in Orange County comes with unique considerations. Estates that contain business assets, investment-heavy portfolios, high property values, and other factors often require more than a simple will. Whether you live in Newport Beach, Laguna Beach, Irvine, or elsewhere, you may benefit from tools like revocable living trusts, beneficiary designations, powers of attorney, and trusts.

How your estate is managed could affect who inherits your home and other important assets. Those are important considerations in a county with an average house value of $1,147,210. Ideally, estate planning should begin early in life. Following major life events, the estate plan can be updated to reflect your growing goals and priorities. One of the most important benefits of careful planning is the ability to spare your loved ones the time-consuming probate process.

Common Challenges Faced by High-Net-Worth Estate Owners

Owners of large estates often face unique challenges that go well beyond basic estate planning. Large estates may include sizeable real estate properties, business interests, investment portfolios, and assets held across multiple accounts or entities. These and other factors can complicate the process of calculating the estate’s value and accounting for its administration and settlement.

Conflicting expectations by the heirs may also need to be considered. Without careful planning, an estate may be exposed to disputes that result in contested probate court cases. An estate planning attorney with experience managing these and other complexities can provide you with the support and guidance that is needed to resolve or anticipate potential challenges.

Why You Should Hire a High-Net-Worth Estate Planning Lawyer

With 70.8% of homes in Orange County being family households, many spouses and children can directly benefit from careful estate planning. The decision to hire a high-net-worth estate planning lawyer can greatly ease the burden placed on your loved ones after your death.

An Orange County high-net-worth estate planning attorney understands the complexities of high-value estates and which tools are needed to guide their growth and division.

An experienced estate planning attorney can rely on their deep understanding of high-net-worth estate planning laws to draft crucial tools for your high-net-worth estate planning case.

FAQs

Q: What Qualifies as High Net Worth for Estate Planning in California?

A: California law does not define “high net worth,” but there are practical considerations to be had during the estate planning process if you own one or more businesses and substantial assets. An estate that includes investment accounts, substantial real estate holdings, and circumstances that could lead to significant tax exposure may qualify as a large estate that needs special guidance and support from an experienced estate planning lawyer.

Q: When Does Advanced Estate Planning Make Sense for High-Value Assets?

A: Advanced estate planning can make sense when high-value assets are difficult to divide, hard to value, or intended to be transferred over time. This often includes estates with high-value real estate, family-owned businesses, large investment portfolios, heirs with disabilities or complex needs, and other factors. It’s critical to speak with a qualified lawyer about your estate to explore your advanced estate planning options.

Q: How Are Trusts Used to Manage and Transfer Significant Wealth?

A: In California, trusts can provide multiple benefits. They can be used to hold or transfer assets outside of the probate process or to manage property in the event the estate owner becomes incapacitated. Trusts can also control how beneficiaries receive distributions. Estate planning tools can help individuals maintain privacy while streamlining the administration of their assets after death.

Q: When Is Probate Required for an Estate in California?

A: Probate is typically required in California when someone dies who owns assets in their name alone that do not have a beneficiary designation, joint ownership with survivorship rights, or trust ownership. Common probate assets include individually titled real estate and financial accounts without payable-on-death instructions. Whether probate is required depends on how assets are titled and the total value of the probate estate.

Contact a Trusted Estate Planning Law Firm Today

You’ve worked hard to build your estate, and those assets and properties deserve proper protection. When you work with Quinn & Dworakowski, LLP, you gain the support of a law firm that will take the time to understand your needs and goals. As a top-rated law firm, we can provide you with the exceptional legal services that your estate plan deserves.

Whether you need estate planning tools or an update to an existing plan, we can draft and prepare the necessary documents. With our support, you will not have to worry about whether your will, trust, and other tools will be enforceable in court. Don’t delay securing the high-quality services your estate deserves. Contact our office today to schedule your consultation and take the first step toward protecting what matters most.

Client Testimonials

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“I cannot say enough superlatives about the lawyers at Quinn & Dworakowski. David Dworakowski is a gifted trial attorney. I was amazed at his skill in my trial and he ran circles around my ex husband’s lawyer. If you are looking for a tenacious attorney who cares only about his client this guy is the attorney for you!
Thank you Quinn and Dworakowski.”
— Aria P.

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“High praise for Quinn 5 stars+++
We have been working with Quinn for the past year and he is outstanding! All of our questions have been answered all of our Issues have been Resolved in our favor! I was referred to Quinn by an acquaintance and I am grateful to her forever! He is understanding, kind, wise, a great communicator, and most importantly got my family everything we asked for and more! We are thrilled with the results working with him and his firm. I strongly recommend hiring Quinn and his firm to represent you if you want success, expert counsel and someone you can trust.”
— Sandy L

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Quinn & Dworakowski, LLP – Anaheim Hills, CA Office

Irvine Concourse 2050 Main Street, Sixth Floor, Suite 600, Irvine, CA 92614