Riverside Legacy Wealth Planning
With many families in the Inland Empire, their most cherished and valuable assets are not their real estate, stocks and bonds or retirement accounts, but the memories, life lessons and values that are passed on to children and grandchildren. Legacy Wealth Planning is the process of preserving family history, morals, beliefs and family treasures for future generations. Traditional estate planning completely overlooks the preservation and passing on of these most treasured assets. Preservation of your family history, life stories and family values is accomplished electronically, so that this wealth can be preserved for many generations to come. Riverside estate law firm Dennis M. Sandoval, a Professional Law Corporation, uses the Priceless Conversations® audio CDs developed by Sunbridge Legacy Advisors to assist our clients preserve family history and life lessons dealing with more than thirty topics of interest to our clients. We also have options available to our clients so they can preserve photos, slides and movies and other visual family history for future generations.
Legacy Wealth Planning also involves asset protection and the preservation of financial wealth for future generations through various trust vehicles and asset protection estate planning strategies that offer estate tax savings, probate avoidance, divorce protection and asset protection for your surviving spouse and descendants.
Riverside Estate Planning Lawyer Dennis Sandoval has perfected the Access Trust™ as a means to allow your children and grandchildren to manage and access his or her inheritance without the worry that the inheritance may end up in the hands of a divorcing spouse.
Another estate planning strategy offered by our estate planning law firm is the Sentry Trust™. The Sentry Trust™ is an alternative to the traditional estate planning strategy of leaving assets outright to children and grandchildren. The Sentry Trust™ provides complete asset protection for children, grandchildren and other designated beneficiaries. This asset protection is available whether the beneficiary is financially irresponsible, has an addiction to drugs or alcohol, has creditors or the IRS chasing after their assets or has an occupation that puts them at risk for lawsuits from disgruntled customers.
Finally, the Heritage Trust™ offered by Riverside Elder Lawyer Dennis M. Sandoval in designed to create incentives for children and grandchildren to achieve desired goals and to preserve wealth for future generations. All these goals can be achieved while giving the beneficiary use of the funds during his or her lifetime. For clients with large estates, the Heritage Trust™ can save ten, hundreds or even millions of dollars in estate taxes, thereby facilitating the transfer of substantial wealth from one generation to the next.