Modern Wealth Law is an estate law & probate law firm that serves Orange County, California and is located in Irvine. We specialize in estate planning, asset protection, probate litigation, trust administration and trust and estate litigation.We are located in the heart of Orange County and serve cities through out Orange County including Costa Mesa, Newport Beach, Irvine, Huntington Beach, Aliso Viejo, Mission Viejo, Laguna Beach, Tustin, Yorba Linda and other surrounding areas.
John Wong has been recognized by the State Bar of California as a Certified Specialist in the areas of Estate Planning, Probate and Trusts. If you need to speak with a highly experienced estate planning lawyer Orange County, and you need to answers to your questions fast, call Modern Wealth Law today and schedule a free, no-obligation consultation to discuss the details of your circumstance.
Modern Wealth Law works with clients throughout Orange County, California and serves the following cities:
Many times our firm is contacted by family members of elderly parents in order to assist with end-of-life plans in order to avoid probate by setting up a Will or Living Trust. We have also worked with minor children with dying parents as well as multi-generational estate plans involving trusts for children and grandchildren. We invite you to call us today so that we can provide guidance to your family.
A gift is any transfer of money, assets or items of value, from one person to another where equivalent consideration (compensation) is not received in return for the item.You can give up to $15,000 each year (“annual gift tax exclusion”) to as many individuals as you wish, without allocating any of your lifetime gift tax exemption. Your lifetime gift tax exemption is $11.4 million in 2019. To illustrate how the gift tax works, assume you gave $115,000 to your child in 2019. The first $15,000 is excluded from gift taxes...Continue Reading...
