Terrence J Moynihan Atty

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(951) 781-1960Call Visit WebsiteVisit Website Map & DirectionsDirections6529 Riverside Ave Ste 155Riverside, CA 92506 Write a ReviewWrite Review

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Mon - Thu:	8:30 am - 5:00 pm
Fri:	8:30 am - 12:00 pm

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Neighborhoods: Magnolia Center, Lochmoor Heights
Other Link: https://moynihanlyons.com/contact-us
Categories: Attorneys, Business Law Attorneys, Business Litigation Attorneys, Criminal Law Attorneys, Divorce Attorneys, Estate Planning Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Personal Injury Law Attorneys, Real Estate Attorneys, Social Security & Disability Law Attorneys, Tax Attorneys, Trust Companies, Wills, Trusts & Estate Planning Attorneys

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Phone: (951) 781-1960

Address: 6529 Riverside Ave Ste 155, Riverside, CA 92506

Website: https://moynihanlyons.com/contact-us

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Terrence J Moynihan Atty

Divorce
Guardianship
These allow you to appoint someone you know and trust to make your personal health care and financial decisions even when you cannot. If you are incapacitated without these legal documents, then you and your family will be involved in a probate proceeding known as a guardianship and conservatorship. This is the court proceeding where a judge determines who should make these decisions for you under the ongoing supervision of the court.

Homicide
Victims’ assistance: If the deceased was the victim of an accident or homicide, the family might receive funds from the local or state Victim Compensation Program.

Business and Corporate Law

Business Disputes
It would be an understatement to say that family businesses are the backbone of the American economy. Some 90 percent of all businesses in this country are either family-owned or family-controlled. They come in all shapes, sizes and colors, representing all sectors of our economy. From agriculture to services, technology and manufacturing, family businesses generate an estimated one-half of the U.S. Gross National Product and pay half of all wages earned in this country.

Personal Injury
Self-Settled Special Needs Trust: Generally created by a parent, grandparent or legal guardian using the child’s assets to fund the Trust (e.g., when the child receives a settlement from a personal injury lawsuit and will require lifelong care). If assets remain in the Trust after the child’s death, a
Social Security Disability
Government agencies: If the deceased received Social Security benefits, the surviving spouse could get a death payment of $255. For those receiving benefits such as Medicaid, Supplemental Security Income (SSI), or Social Security Disability Income (SSDI), the family may receive additional funds. State and county social services departments also may offer assistance.

Trusts and Estates

Estate Planning
Historically speaking, the federal estate tax is an excise tax levied on the transfer of a person’s assets after death. In actuality, it is neither a death tax nor an inheritance tax, but more accurately a transfer tax. There are three distinct aspects to federal wealth transfer taxes that comprise what is called the Unified Transfer Tax: 1) Estate Taxes, 2) Gift Taxes, and 3) Generation-Skipping Transfer Taxes. Legal planning to avoid or minimize these transfer taxes is both a prudent and an important aspect of comprehensive estate planning.
Wills
Your last will and testament is just one part of a comprehensive estate plan. If a person dies without a Will they are said to have died “intestate” and state laws will determine how and to whom the person’s assets will be distributed. Some things you should know about wills...
Trusts
If your need for nursing home care is immediate, time is not something you can afford to lose. Why? If you wait too long and your non-exempt assets are more than the $126,420 limit, then transferring assets become more complicated. Generally, in California, you will have to consider making a series of gifts (transfers) to others, usually your children, to move the assets out of your name while managing the lenght of potential periods of Medi-Cal ineligibility based the amount you have transferred. These transfers are then funded into an Irrevocable Trust.
Power of Attorney
A power of attorney is a legal document giving another person (the attorney-in-fact) the legal right (powers) to do certain things for you. What those powers are depends on the terms of the document. A power of attorney may be very broad or very limited and specific. All powers of attorney terminate upon the death of the maker, and may terminate when the maker (principal) becomes incapacitated (unable to make or communicate decisions). When the intent is to designate a back-up decision-maker in the event of incapacity, then a durable power of attorney should be used. Durable Powers of Attorney should be frequently updated because banks and other financial institutions may hesitate to honor a power of attorney that is more than a year old.
Probate

Tax Law
TOD/POD designations impact tax planning. For example, when an estate plan includes sophisticated tax planning, such as credit shelter trusts, marital trusts, or generation-skipping transfer (GST) trusts, a TOD/POD designation could prevent the implementation of these strategies.

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