4470 Duckhorn Drive
Sacramento, CA 95834

(916) 440-8036

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California Estate Planning Law Firm

Goralka Law Firm, PC • Serving the Sacramento, California Area


Our Process

This section is intended to explain the estate planning process. We hope to have the opportunity to assist you with your estate plan. At our initial meeting, we will learn more about you and your family. We will listen to your objectives and desires which may go beyond simply the distribution of your estate in the event of your death. You may wish for your plan to help instill family values, encourage college education, or protect the assets or legacy that you leave from lawsuits, divorce and creditors. We will also obtain and gather information from you regarding your assets and investments.
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Estate Planning Basics

Some people mistakenly believe that estate planning is only for the very rich. However, a complete estate plan does more than just allocate assets and minimize the taxes that survivors have to pay on their inheritances. Everyone needs an estate plan, and every estate plan, no matter how complex, should follow some basic rules to minimize problems and ensure a person's wishes are carried out
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Revocable Living Trusts

A revocable trust allows you to avoid probate and the related fees, delays and publicity, and is also helpful in preventing the need for a conservatorship if you become ill or are otherwise unable to care for yourself. A trust is particularly helpful for those who are self employed and may help the business to continue to operate in the event of the owner's death or incapacity. A revocable trust gives you the flexibility to change the trust as your needs change.
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Personal Asset Trust

Instead of receiving their inheritance directly, each of your beneficiaries may instead receive their inheritance in a special trust, which springs out of your Living Trust. This continuing "Personal Asset Trust" (or "PAT") can be controlled by each beneficiary in such a manner as to virtually give him or her all of the same rights as ownership, without the liability exposures ownerships brings.
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IRA Inheritance Trust

An important advantage of a qualified retirement plan or individual retirement account (IRA) is the ability to designate a beneficiary who can defer taxes on the funds until reaching the retirement age. A trust can be named as a beneficiary, but doing so can cause the loss of deferred income tax either as the result of a lump sum distribution or the requirement to use a different measuring life for income tax purposes.
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Asset Protection Trusts

Limited liability entities such as corporations, limited partnerships or limited liability companies are often the first step to protect your personal assets from liability or creditors. But what other steps can be taken to protect your hard-earned assets from lawsuits or claims? This article addresses the use of LLC's and asset protection trusts to obtain greater protection. To evaluate and understand the alternatives, we need to first understand the difference between business and non-business claims.
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Life Insurance Trust

Many clients are surprised to learn that life insurance is generally subject to estate tax. This surprise can be very costly for the surviving family members. Life insurance is often intended to be used to pay the estate tax which is due in cash nine (9) months after the date of death. There are very few exceptions to this due date.
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Qualified Personal Residence Trust

The Qualified Personal Residence Trust (the "QPRT") may be used to transfer your residence (and future appreciation) to your children and obtain a reduction in potential estate tax. The QPRT may be a particularly effective technique now due to the depressed valuations for the residential real property
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Medi-Cal Protection Planning

When a person enters a nursing home or skilled nursing facility and cannot pay, then Medi-Cal is usually the source of funds for payment. Medi-Cal is California's version of Medicaid. Medi-Cal is essentially a form of public health insurance which provides needed health care services for qualifying individuals. To qualify, limits are imposed upon the assets that can be owned requiring assets to be spent down. With California's community property law, these limitations may affect both the institutionalized spouse and the well spouse.
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Laureate Planning

The firm provides sophisticated planning for a variety of high net worth clients. We establish master wealth plans by which we map out in detail potential lifetime planning vehicles to achieve clients' legacies, including reducing applicable gift and estate taxes.
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Testimonials

I highly recommend your service. This has been an informative, reassuring, and pleasant experience. I have benefited greatly and I am pleased to have had the opportunity to avail myself of your services.

- Dr. Isadore Morrison, Jr

Mr. Goralka is an outstanding attorney who is very competent in various areas. We have received professional services from Mr. Goralka for many years. He is local to the Sacramento area where his roots lie, however, he doesn't stop there. Just recently, he prepared Living Trust Fund where he doesn't leave any rock unturned, and gives us real peace of mind. We are privileged to endorse Mr. Goralka in every way possible.

- Mr. & Mrs. Robert Ruffino

AV Preeminent
Wealth Counsel Member
Client Distinction Award
California Board of Legal Specialization
NAELA Member
Elder Counsel

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Goralka Law Firm serves clients throughout Sacramento, Roseville, Folsom and Elk Grove, California and the Surrounding Areas. Services provided include legal consultation and the preparation of: Revocable Living Trusts, Wills, Powers of Attorney, Living Wills, Healthcare Power of Attorney, Life Insurance Trusts, Family Limited Partnerships, Limited Liability Companies, Corporations, Charitable Trusts, Medi-Cal Planning, and Other Estate Planning and Tax Planning Strategies

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