Most Americans realize that they should have at least a basic estate plan in place. Despite this realization, over half do not have an estate plan. If you are among them. The estate planning attorneys at Sandoval Legacy Group, A Professional Law Corporation look forward to the opportunity to help you get started. As a Moreno Valley, California resident you owe it to yourself, and to those you love, to create an estate plan that protects all that is important to you.
Moreno Valley, California
Located in the northwest corner of Riverside County, Moreno Valley, California encompasses about 50 square miles and was home to 210,639 residents at latest count. Moreno Valley is also considered part of the Greater Los Angeles area though, which has a population estimated to be close to 20 million residents.
European settlers did not start settling in the area in large numbers until after California was granted statehood in 1850. In 1883, Frank E. Brown formed the Bear Valley Land and Water Company and built a dam at Bear Valley in the San Bernardino Mountains. Brown supplied water to the fledgling communities in the area and it was at this time that the area began to be known as Moreno Valley, “moreno” meaning “brown” in Spanish. Unfortunately, the increasing demand for water resulted in litigation involving the City of Redlands which claimed priority rights over the water. The city prevailed at the turn of the 20th century which led to a period of drought and failure in the surrounding agricultural industry.
World War I, however, breathed new life into the community when the United States Air Force constructed March Field on the outskirts of Moreno Valley. Originally used just to train fighter pilots, March Field eventually became a permanent Air Force facility. The presence of March Field brought economic prosperity and growth to Moreno Valley. By the 1970s, Moreno Valley was experiencing rapid growth, with the population increasing from 18,871 residents in 1970 to 49,702 in 1984. On December 3, 1984, the City of Moreno Valley was officially incorporated. By 1990, Moreno had become the second largest city in Riverside County with a population of over 118,000 residents. Not long thereafter though, Moreno Valley (along with most of the state) experienced an economic downturn. That downturn, however, was relatively short lived. As the cost of living increased in Los Angeles and the surrounding areas, Moreno Valley began to look like an attractive alternative for both residents and businesses.
The site that is now the Moreno Valley Mall was once the home to Riverside International Raceway. The track was in operation from September 22, 1957 to its final race, the Budweiser 400, on July 2, 1989. During its tenure, the track hosted such racing legends as Carrol Shelby, Dan Gurney, A. J. Foyt, Parnelli Jones, Roger Penske, Rick Hendrick, Dale Earnhardt, Ricky Rudd and Richard Childress.
If you are visiting Moreno Valley, you may wish to do so during one of its annual events, including the March Air Show, the Day of the Dead Artfest, Springtastic Festival or the YouthFest. Moreno Valley also has several art venues for art lovers as well as numerous parks and outdoor spaces. History buffs may wish to visit the March Field Museum and the Orange Empire Railway Museum. Of course, you will also find a wide variety of shopping, dining, and entertainment options in Moreno Valley for everyone from kids to seniors to enjoy.
Sandoval Legacy Group, A Professional Law Corporation in the Moreno Valley, California Community
By taking your time to create a comprehensive and cohesive estate plan today, you can rest assured that everything and everyone that matters to you will be protected, not just today put for many years to come. The estate planning attorneys at Sandoval Legacy Group, A Professional Law Corporation look forward to the opportunity to help you create your Moreno Valley, California estate plan as well as updating that plan in the future to ensure that it continues to protect everyone and everything that is important to you.
In order to rely on your estate plan in the future, you will need to establish a solid foundation now and then revise that plan in the years to come. The need to review and revise your estate plan is one reason that we urge you to develop an ongoing relationship with your estate planning attorney. When you are young, single, and just embarking on your career path you may not need much more than a simple Last Will and Testament to prevent leaving behind an intestate estate and to nominate guardians for your children. As both your family and your estate grow, however, your estate plan will need to be updated to take those changes into account. Marriage, for example, may prompt you to want to add your new spouse as a beneficiary and/or a fiduciary within your estate plan. The birth of a child will trigger the need to protect your minor child’s inheritance through the addition of a living or testamentary trust to your overall estate plan. Having a family should prompt you to worry about the possibility of your own incapacity and the need to include incapacity planning in your overall estate plan as well. As your estate assets increase in value, it will become important to incorporate tax avoidance, asset protection, and probate avoidance tools and strategies into your plan. Looking to the future, the need to merge your retirement plan with your estate plan should be considered to ensure that they work in harmony with one another. The potential need to qualify for Medi-Cal as a senior may also necessitate the addition of Medicaid planning to ensure that you can cover the high cost of long-term care. Finally, if you have strong beliefs regarding end of life medical care as well as the manner in which you remains are handled after you pass, it you will need to include advance directives as well as funeral and burial planning components in your comprehensive estate plan to ensure that your wishes are honored at the end of your life and even after you are gone.
The estate planning team at Sandoval Legacy Group, A Professional Law Corporation would be honored to be your choice to help you with your unique estate planning needs.
If you have additional questions or concerns relating to estate planning, or wish to get started on your plan, contact the experienced Moreno Valley, California estate planning attorneys at Sandoval Legacy Group, A Professional Law Corporation by calling (951) 888-1460 to schedule an appointment.