Heidi Klippel is a San Diego native. She received a scholarship from the William Randolph Hearst Foundation to attend the University of San Diego (USD), where she graduated magna cum laude with a Bachelor’s in political science. Heidi was always a dedicated student and received various accolades for her scholastic achievement including a feature on the National Dean’s List, the Phi Theta Kappa Society international scholastic honor award and the Kappa Gamma Pi National Honor Society award.
Knowing she wanted to be an attorney, Heidi began working in law offices at the age of fourteen. After graduating from USD, she went on to obtain her Juris Doctorate from California Western School of Law, graduating in the top third of her class. During her time as a law student, Heidi concentrated her law studies in the areas of estate planning, tax planning and corporate/business law.
After completing law school and passing the bar exam, Heidi worked as an associate attorney for approximately three years before she decided to open the Law Offices of Heidi Klippel, and has been serving San Diego in the areas of estate planning and corporate law ever since. Heidi’s firm is located in La Jolla, and offers comprehensive estate and trust services including trust creation, trust administration, probate, conservatorship and more. Additionally, the firm offers representation and counsel in the areas of corporate law, business planning and succession.
Heidi continually strives to be involved in the community by serving as an adjunct professor at San Diego Christian Heritage College, teaching undergraduate and adult learning courses in business law, presenting seminars at University of California, San Diego and Qualcomm, and even being featured on a local AM radio show.
Jenny Barbosa grew up in Northern California and moved to San Diego to attend the University of San Diego (USD), where she graduated magna cum laude with a bachelor’s degree in Business Administration.
After receiving her undergraduate degree, Jenny worked at USD in the Office of Planned Giving. While continuing to work fulltime, Jenny obtained her Juris Doctorate from USD, graduating in the top six percent of her class. During her time as a law student, Jenny focused on civil litigation and corporate/business law. She also served as a judicial extern to the Honorable Mitchell D. Dembin and the Honorable Anthony J. Battaglia.
After completing law school and passing the bar exam, Jenny served as a law clerk in the Southern District of California for the Honorable Jill L. Burkhardt. Following her judicial clerkship, Jenny worked as an associate for a securities litigation firm prosecuting securities fraud, corporate governance, and shareholder rights litigation on behalf of the firm’s institutional investor clients.
What Is Estate Planning?
An estate plan is a compilation of legal documents generally including a revocable living trust, pour-over will, durable power of attorney for financial affairs and an advance health care directive. Who needs an estate plan? Everyone.
We all may be involved in an unexpected accident or suffer from diminished capacity. We all will eventually pass away. Having an estate plan gives you the ability to make decisions regarding who will assist your loved ones during these challenging times.
The Importance Of An Estate Plan:
Every state has different estate planning laws. In the State of California, when a person passes away, if they have more than one hundred fifty thousand dollars ($150,000.00), then these assets are subject to a court process called probate unless they are held in a trust. For this reason, it is better to own real estate as a trust, rather than as an individual.
Finally, having an estate plan enables you to decide who inherits and how inheritances will be distributed.
What Is Probate?
One problem with our probate system in the State of California is that it is an expensive, public process. Once your estate goes through probate, everything about you, your financial affairs, and your beneficiaries becomes public information. This is to ensure that creditors can locate your assets and file claims against your estate. In this modern world of identity theft, keeping your affairs private is critical.
The probate process is costly and time consuming. A typical probate process take about 9-12 months, but if any complications arise, it can go on for years. With a trust, this process is much faster and allows for your loved ones to avoid court costs and higher attorney fees.
In probate, the fees are predetermined in the probate code and based on the value of the estate.
Whether you are trying to avoid probate for your estate or you find yourself needing to initiate probate for a loved one’s estate, our firm can help!
Complying with filing requirements and other formalities is essential for small businesses. We assist our clients in forming and dissolving LLCs and corporations, and we offer guidance on planning for the unexpected in your business by assisting with buy/sell agreements and business succession planning.
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