Customized Estate Plans for All Life Stages and Families
When it comes to securing your family’s future and ensuring your wishes are honored, estate planning is essential. At Hsiao Law, we offer a wide range of personalized services designed to protect your assets, provide for your loved ones, and reflect your unique family dynamics. From crafting customized estate plans and establishing revocable living trusts to creating Kids Protection Plans®, we are here to guide you through every step. We also offer advanced estate tax planning and. Our approach is centered on the concept of leaving a legacy of love, ensuring that your values, stories, and guidance are passed down to future generations.
Estate planning is not a one-size-fits-all solution. At Hsiao Law, we tailor each plan to fit your unique needs and goals. Whether you’re just starting a family or looking to protect a lifetime of accumulated wealth, Estate Lawyer Amy Hsiao has the aptitude and forethought to guide you through every step. We often serve the whole family and multiple generations of the same family.
Services We Offer
What Sets Hsiao Law Apart from Other Estate Planning Firms
At Hsiao Law, we build lifelong relationships with our La Jolla clients. We don’t just draft documents; we ensure your plan evolves with your life changes.
Our Unique Approach
- FamilyCare Programs: We provide three year annual reviews and unlimited amendments to keep your estate plan current.
- Personalized Service: We get to know your family, your dynamics, and your needs to craft a plan that fits you perfectly.
- Innovative Methods: From financial inventories to legacy interviews, we help you capture a complete picture of your assets and legacy.
Amy Hsiao helps you capture and pass on more than just your money: your intellectual, spiritual, and human assets. Our legacy process allows you to leave a lasting expression of your love, providing your loved ones with your values, insights, stories, and experiences. This way, your legacy is about much more than just your money; it’s about who you are and what’s important to you.
Asset Protection Strategies in La Jolla, California
Protecting your hard-earned assets is a crucial part of estate planning, especially for high-income earners and professionals exposed to significant risks. Asset protection strategies can safeguard your wealth from potential creditors and lawsuits, ensuring your financial security and peace of mind.
Essential Strategies at Any Stage of Life
- Last Will and Testament: Specifies how assets should be distributed after death and names legal guardians for any minor children.
- Trusts: Transfer assets to beneficiaries according to predetermined instructions while avoiding probate.
- Healthcare Directives: Outline your medical treatment preferences and appoint a healthcare proxy in case of incapacity.
- Power of Attorney: Names a trusted person to act on your behalf in financial, legal, or medical matters when you are unable to do so.
Kids Protection Plan: Ensuring Your Children’s Future
If you have minor children, their well-being is likely your top priority. Our Kids Protection Plan® is designed to ensure they are always cared for by the people you trust.
Why It’s Important
- Immediate Protection: Prevents your children from being taken into the custody of strangers.
- Designated Guardians: Ensures the right people are chosen to care for your kids who share your values and parenting style.
- Avoids Custody Battles: Reduces the risk of family disputes over guardianship by ensuring your choices are legally binding.
- Communicates Your Wishes: Details your decisions and shares them with your chosen guardians to confirm their willingness and readiness to care for your kids.
Have Kids at Home?
Then You Need to Name Legal Guardians. Do It Here for Free.
If you have children, you likely worry about what would happen to them if something happens to you.
At the very least, you want to name legal guardians to care for them for the long-term. And, it needs to be done legally. So, we’ve created a website to make it easy and you. You can name guardians for your kids for free.
Once you name guardians for your kids, you will rest easy at night knowing for sure…What would happen to your kids if something were to happen to you?
Don't leave your children's future to chance.
Without a proper Kids Protection Plan®, your children could end up in the hands of strangers or in the care of someone you wouldn’t choose. Act now to ensure your children are always protected and raised by the people you trust.
Revocable Living Trusts
The Foundation of Many Estate Plans
A revocable living trust is a versatile tool that can help you manage your assets during your lifetime and distribute them after your death without going through probate. For people with additional needs, we provide advanced estate planning services.
Benefits of a Revocable Living Trust
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Avoids Probate: Keeps your estate out of the public probate process.
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Flexibility: Can be amended or revoked as your circumstances change.
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Continuity: Ensures seamless management of your assets if you become incapacitated.
Did you know that without a revocable living trust, your estate could be tied up in probate for months, even years? This not only delays your loved ones’ access to your assets but also incurs unnecessary costs.
Estate Tax Protection and Advanced Estate Planning
You have worked hard to build your family’s wealth and legacy, so it makes sense to put similar effort into protecting those assets after you are gone. This includes protecting your assets against excessive taxes. We offer strategies to minimize these taxes and protect your family’s wealth.
Some of our most popular advanced estate planning strategies include:
- Life Insurance Trusts
- Grantor Retained Annuity Trusts
- Dynasty Trusts
- Qualified Personal Residence Trusts
- Asset Protection Trusts
- Land Trusts
- Family Limited Partnerships or Limited Liability Companies
- Asset Gifting
Estate taxes can take a huge chunk out of what you leave for your loved ones. With careful planning, you can significantly reduce or even eliminate these taxes. But timing is crucial—the sooner you start, the better the outcome. Reach out today to learn how you can protect your family’s wealth from excessive taxation.
Special Needs Planning
Care For a Loved One with Financial Peace of Mind
Caring for a loved one with special needs in La Jolla takes compassion, patience, and meticulous expense planning. Focus on family and let Estate Planning Attorney Amy Hsiao craft a thoughtful plan that provides support for today’s care needs and tomorrow’s goals.
Trusts are a staple in special needs planning and include:
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Support Trusts: The trustee is required to distribute funds for the beneficiary’s basic care needs such as food, shelter, clothing, medical care, and educational services. Support trust beneficiaries are ineligible for supplemental security income (SSI) or Medicaid.
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Special Needs Trusts: First and third party special needs trusts, while funded by different income sources, both protect the special needs person’s eligibility for public benefits and supports.
Incapacitation can happen without warning, leaving your loved ones unsure of your medical preferences. A durable power of attorney and healthcare directive ensure your wishes are followed, even if you can’t communicate them yourself.
