Estate Planning

Psst! Do You Need to Attend this Free Workshop?

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I interrupt your busy day to bring you a very important message from Darlynn Morgan of Morgan Law Group on how to name legal guardians for your kids:

If you have kids under the age of 18 and you have not legally documented who you want to care for them should something happen to you and/or your spouse, I invite you to join me for one of two free workshops next week where I’ll show you how to get your “ducks in a row” for FREE.

ATTEND EITHER WORKSHOP!

Tuesday, October 13, 2015 9:30-11:30
Faith Lutheran Church
8200 Ellis Ave, Huntington Beach, CA  92646

October 14, 2015  10:30am
SW Irvine MOMS Club
Plaza Park
610 Paseo Westpark, Irvine, CA 92606

This is a GREAT opportunity to also learn how to make solid financial decisions for the future and put a fortress of protection around your family should the unthinkable happen.

You will also discover how to:

-> Choose the Right Guardians for Your Kids and Avoid Making the Six Common Mistakes

-> Get Your Financial House in Order and Keep it that Way

– > Confirm You Are Making Smart Financial Choices About Things like Saving for College, Keeping You Money Safe and Buying Life insurance

– > Learn the Secret to Protecting Your Kid’s Inheritance From Lawsuits and Divorce

– > Discover How to Leave Your Loved Ones a Gift Far Greater Than All the Money in the World

– > Discover How to Legally Avoid All Estate Taxes & Keep Your Family Out of Court

Bring your friends and family! This is information that EVERY parent or grandparent should know! Hope to see you there!

No advance registration required – just show up! If you have any questions or need more information, call 949 260 1400.

Darlynn

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It’s Not the 80’s Anymore…

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Your Parent’s Estate Plan: Made in the 80’s… Out of Date Today!

by Darlynn Morgan,
Orange County Estate Planning Lawyer 

As with anything from the 80’s… hairstyles, clothes, VHS, cassette tapes, fads and trends, rest assured that mom and dad’s estate plan is probably right up there with shoulder pads: painfully out-of-date!

If you take the time to ask your parents if they have an estate plan, you may find them proud to say that they have a will or trust.  They probably feel confident knowing that at some point in their lives, they created legal plans to do the right thing by their family…

…or did they?

When to Update an Estate Plan 

Even if mom or dad HAS a will or trust, your next question to them should always be, “when is the last time you UPDATED your plan?”

when to update an estate plan

What you’ll likely find is that the documents mom or dad created in the 80’s, or even earlier, have simply gone untouched and unaltered as their life (and the law!) have changed through the years.  And guess what?

That great plan made decades ago is now likely worthless and out-of-date!

It’s not unusual for parents to create plans while their kids are young and then stick it in a drawer believing it’s good forever.  But again, the way your family’s life looked in the 80’s is probably not anything near what it looks like today:

You, your brothers and/or your sisters are now grown up.  Those documents that name who could raise you if something happens to mom or dad really don’t apply any longer.

What about the issues facing your parents TODAY?

1. HIPAA laws didn’t exist.  There are likely no documents in place that would allow a doctor or hospital to speak to someone else on your parents’ behalf if they become sick or incapacitated for any reason.

2. Grandkids!  If you were just a kid when their plan was created, then you know for sure the grandkids have been left out of the picture.

3. You are probably NOT named as their power of attorney.  Again, if you were just a kid when they made their plan, if they had a power of attorney, they likely named someone else.  That person could live thousands of miles away now or might have even passed away.  Another worthless document in the pile.

4. The laws are different.  For example, a lawyer who created a plan in the 80’s had to account for more complicated tax laws that caused a lot of aggravation after the first spouse passed away.  Most of these are not an issue today and plans can be changed to protect the family from unnecessary expenses, court drama, and lRS headaches.

5. Institution requirements have changed, too!  After a few years, legal documents often go “stale”.  Most banks or institutions will no longer accept powers of attorneys and other estate planning documents created longer than three years ago.  The old documents your parents have would likely be rejected if you tried to use them.

Eye opening, isn’t it? And, these are just a HANDFUL of concerns.  Let’s not forget that mom or dad’s assets are probably way different now than what they owned when you were young. There may also be health concerns to worry about, retirement planning to deal with and so much more.  If your parents’ plan doesn’t account for all of these issues, you and/or your family members will find yourselves in a lurch when a crisis happens.

So what should you do?

ocplanningseminar

The first step is to have them pull their old documents out of the drawer, dust them off and give them a look through.  It shouldn’t take long for them to identify if the life they planned for in their documents is way different than the life they lead today.

The second step is to get educated!  Don’t allow them to start hand writing changes on their documents!  They won’t likely hold up in court anyway.  Instead, empower them to take back control of their legal and financial affairs by becoming educated about what needs to be done today.

I have two FREE estate planning workshops coming up here in Orange County to help your parents do just that.

Tuesday, July 21st, 2015
Morgan Law Group Offices
11:45am – 1:30pm

Thursday, July 23rd, 2015
Morgan  Law Group Offices
9:30am – 11:00am

I walk attendees step-by-step through everything they need to know about estate planning in a straightforward and easy-to-understand way. There’s no pressure to buy legal services either, so mom or dad can relax, gather their facts and begin to make a better plan to protect themselves, their assets and the people they love.

Send them to www.OCPlanningSeminar.com or call (949) 260-1400 to reserve them a space as it is limited.

Finally, UPDATE the plan!  When your parents are ready, have your documents officially reviewed by an estate planning attorney.  If you need help with this step, simply contact my office at (949) 260-1400 and ask to schedule a Trust Review.

These sessions are normally $750, but because you’ve come this far in learning how to help your family, I will waive 100% of the fee.

Just mention Tiny Oranges!

Do what you can now to help them out while they are still in good health and in the right frame of mind to make changes.  Getting up to speed in the new millennium with their planning will likely save them thousands (…and in some cases, millions!) of dollars and a ton of aggravation during the remainder of their life, and for your family after their passing.

P.S.  If YOU haven’t yet had a chance to get your own planning in place, then we have two seminars geared just for parents with small children, whose focus is on ensuring that the kids would be totally protected under every circumstance.  Join us at Once Upon a Story Book or Granola Babies in July for FREE. Register now at http://kidsprotectionworkshop.com/

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Are you one of the 69% of parents at risk?

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Free Kids Protection Workshop 5/30/15
hosted by Darlynn Morgan of Morgan Law Group

If you are one of the 69% of OC parents, your kids are at serious risk, and they don’t have to be.

When my oldest son was born, it was almost 2 years before my husband and I spent a night away from him. Even then, we wrote out pages of instructions on how to care for him. We listed his favorite foods, his nighttime routine, which books he liked (and which voices we used) – all for one night.

If you are one of the 69% of parents who hasn’t named guardians for your minor children, you risk leaving your children forever without the ultimate set of “babysitter” instructions.

See if this sounds familiar – You are a parent of minor children and you have thought about naming guardians and “getting a will” as one of the to-do items on a long list “hafta get it done.” And yet, it keeps slipping your mind. Maybe a celebrity death re-awakens the thoughts, but it’s hard to know where to start.

I CAN HELP.

My practice is dedicated to helping families with minor children plan for the future. Like you, my chief concern is my family and my responsibility to see that they are cared for in the event something happens to my husband or me.
Here is your chance to enjoy this same peace of mind. I am giving an educational workshop where you can discover how to easily name guardians for your kids the right way, avoid the 6 common mistakes most parents make that leave their kids at risk and make sure your kids will always be raised the way you want.

Free Kids Protection Workshop

This event will be held at Playland Café on Saturday, May 30th, 2015 at 10:00 am.  

880 Roosevelt, Irvine, CA 92620

REGISTER NOW

During this informative workshop, you’ll discover, among other things:

1. How to choose the right guardians for your kids and avoid making any of the 6 common mistakes

2. How to keep your family out of probate (which is long, expensive, public and does not pass your assets in a responsible way!)

3. How to prevent a court from having to supervise your children’s inheritance and then handing them money at 18!

4. How to leave your loved ones a gift far greater than all the money in the world if the unthinkable happens

As an added bonus, we have arraigned for free childcare so you can learn while your kids play and have fun.  No babysitters necessary!

However, seating is limited, so you must reserve your space in advance. Do the right thing for your kids and go now to www.KidsProtectionWorkshop.com to learn how to make sure your family is protected…no matter what happens. 

See you there,

Darlynn

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Free Trust & Estate Planning Workshops for Parents

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Kids Protection Workshop

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This Guest Post Written by Darlynn Morgan
of Morgan Law Group 

Orange County Trust and Estate Planning Attorney

Have you ever stopped to ask yourself, “What would happen to my minor kids if something happened to me and/or my spouse?”

It’s something I’ve talked about many times on this blog, but let’s be frank; most parents have a hard time imagining a scenario when they may unable to raise their own children, whether it’s due to a disability, sickness, incapacity… or worse.

As parents, we certainly have superpowers… but we’re not invincible.

A friend of mine recently made this same mistake. Just a few weeks before her death last month, a loved one was urging her to get serious about creating a will and a trust for the protection of her kids and assets.  Her response?

She told the friend, “I have some time to worry about all of that.  I’m not even sure where to start.  I’m too unorganized right now and just not ready yet.”

A few weeks later, she was unexpectedly killed in a car accident. She left behind a new spouse she married just six months prior and four children, one with autism and a host of other developmental delays.

Mom had no will or trust, and haphazardly named her two older boys as beneficiaries of her life insurance policy. She didn’t want to leave anything to her disabled son (out of fear it will jeopardize his ability to receive Medicaid and other benefits) and she hoped that they would all just evenly split their inheritance if something happened to her.

But now, the middle son is being stingy with the money. He’s into fast things and shiny objects.  Family members worry that he will spend all of his brother’s money on cars, trips and parties.  And legally, he doesn’t have to fork over a penny. A special needs trust, and a revocable trust for the other kids, would have made this a non-issue!

Oh, and new husband? Although he was the love of her life, mom never got around to updating her beneficiary designations to also include new hubby on her life insurance policy and retirement accounts should something happen to her.

He got stuck with all of the funeral costs and debt, but her kids from a previous marriage got everything else. He was completely disinherited and out of luck, all because of a blended family situation.

Here’s the lesson to be learned from this sad, but very true story: just because you talk about your wishes for your kids and your assets, doesn’t mean your family will honor them when you are gone!

When you leave behind assets, minor children, or you’re in a blended family, you MUST have a will or trust to ensure that your family is cared for exactly as you want if the unthinkable happens. When grief, emotions and money are involved, the honor system just doesn’t work!

So if you’ve been putting of your estate planning for any reason, please let this story inspire you to do the right thing for your family and those you would leave behind.

Here’s How To Take Action NOW, While It’s Fresh In Your Mind

Look, it’s vacation season. Chances are you’ll be traveling this spring or summer, either with or without the kids.  Now is the perfect time to think about estate planning for your own family to ensure you are protected, should something happen. Don’t put planning off for another month or year…make it your priority today!

To help you get the ball rolling, I’d like to invite you to join me for a FREE Kids Protection Workshop this month where you’ll learn step-by-step how to put a fortress of protection around the things and people you love:

Pretend City

April 23, 2015 – 6:30pm 

No childcare available for this event – recommended for adults only 

Once Upon a Storybook

April 25 – 11:00 am 

Children Welcome!  Bring the kids while you learn!

This is the perfect opportunity to learn EXACTLY how to get your legal and financial affairs in order, at no-charge!  Children are even welcome at our Once Upon a Storybook event so that they can have fun with adult supervision while you are in the same room, learning everything you need to know about estate planning and protecting the people you love.  What could be better or easier than that?

Here’s just a taste of what you’ll discover at our Workshops:

1. How to choose the RIGHT Guardians for your kids

2. How to keep your family out of probate (which is long, expensive, public and does not pass your assets in a responsible way!)

3. How to prevent a court from having to supervise your children’s inheritance and handing them money at 18!

4. How to leave your loved ones a gift far greater than all the money in the world if the unthinkable happens

5. Why naming guardians is just not enough to keep your children from spending time in foster care

It’s just one hour of your time and one of the best investments you’ll make into the protection and well-being of your family.  Plus, our workshops are engaging, empowering and fun!  If you have minor kids, you won’t want to miss it! To view all of the details and register now for FREE, simply visit  www.KidsProtectionWorkshop.com.

Don’t forget about your friends and loved ones…they have families they need to protect, too!  Share this information and help them out.

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Local Love: Free Estate Planning Seminar

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Years back when I first had children, I would have seen a flyer for a family estate planning seminar and thought, “I don’t need that – I don’t have anything close to what would be considered an ‘estate’!” When I think of the word ‘estate’ I envision a multi-million dollar mansion. But that’s not true! We all have estates, no matter how big or how small.

An estate is considered any money or property you own. If something were to happen to you, I am sure you have opinions on who you would like that to go to, right?

For parents, a family estate plan includes more than just making sure your money and property is protected, it makes sure your most INvaluable things in life are protected, your children. You better believe I have opinions on who I would want my children raised by and living with if something were to happen to me!!

Because if something were to happen to their parents, legal documents need to be in place to make sure they are cared for by who YOU wanted and your money goes to who YOU want.

If you have children and haven’t put together a family estate plan, this upcoming seminar is for you. It’s free. It’s informational. It’s a no pressure event.

So, get a babysitter to watch your kids for a couple hours, come relax (kid free) and learn more. If childcare is an issue for you – please check out her upcoming events in April here when you can bring your kids with you.

OC Estate Planning Seminar

March 21st, 2015
9am – 11am
Fairmont Hotel Newport Beach
(light breakfast will be served)

March 24th, 2015
11:45am – 1:30pm
Morgan Law Group Office Newport Beach
(light refreshments will be served)

Registration Required to Attend

Space is limited, so registration is required. Click here to sign-up!

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