Timothy Pickart
Law Office of Timothy Cahill Pickart
Contact Timothy Pickart today
(949) 400-3183
Fax (949) 891-0216
email: tim@pickartlaw.com
A Will is a traditional legal document which:
- Names individuals (or charities) who will receive your assets after your death.
- Nominates an executor who will be appointed and supervised by the probate court to manage your estate; pay your debts, expenses and taxes; and distribute your estate according to the instructions in your will.
- Nominates guardians for your minor children.
Most assets in your name alone at your death will be subject to your Will. Some exceptions include securities accounts and bank accounts that have designated beneficiaries, life insurance policies, IRAs and other tax-deferred retirement plans, and some annuities. Such assets would pass directly to the beneficiaries and would not be included in your Will.
About Tim Pickart
Tim Pickart is an attorney specializing in the areas of estate planning, business planning, tax controversy, and asset protection. He is a Certified Specialist in Estate Planning, Trust & Probate Law by the State Bar of California Board of Legal Specialization. Tim primarily represents business owners, professionals, and other high net worth individuals. His focus is to be proactive, reduce risk, and protect clients before problems arise. This includes prudent planning, clearly written documents, and practical advice to avoid conflict.
Before opening the Law Office of Timothy Cahill Pickart, Tim had worked at prominent estate and business planning law firms as well as at a major life insurance company in Orange County. Along with his legal practice, Tim is an instructor in the Paralegal Certificate Program at the University of California, Irvine.
He has assisted numerous clients in all aspects of estate planning as well as gift, estate, and generation-skipping transfer tax planning. Tim spends a great deal of time educating clients on the purpose of estate planning and takes extra steps to help clients administer their estate plan properly. In addition to his estate planning practice, Tim has extensive experience in administering trusts and estates, handling probate matters, and preparing gift and estate tax returns. Tim is well versed in sophisticated estate planning strategies used to avoid and/or minimize gift, estate, and generation-skipping transfer taxes.
Tim has counseled clients on business entity formation and succession planning for mid-sized and family-owned business. He has prepared by-laws for corporations, partnership agreements for partnerships, and operating agreements for limited liability companies. Tim also has drafted general business contracts including buy sell agreements, stock redemption agreements, and split dollar agreements.
He also has represented clients in connection with audits and other tax controversy matters before the Internal Revenue Service, the Franchise Tax Board, the Board of Equalization, and various county assessor offices throughout California.
Tim is a member of the State Bar of California and is admitted to practice in the United States District Court, Central District of California and the United States Supreme Court. He received his undergraduate degree in American Studies from Stanford University in 1995 and his law degree from Pepperdine University School of Law in 1998. An Orange County native, Tim currently lives in Ladera Ranch with his wife and two children.
Estate Planning
Estate planning is often undertaken by individuals; however, to plan your estate well, you should find an experienced estate planning attorney to help you through the process. Aside from drafting a will, estate planning takes a lot of work that is often detail-oriented and time consuming. Hiring an estate planning attorney...
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Probate
Probate is a court-supervised process for transferring a deceased person's assets to the beneficiaries listed in his or her Will.
Typically, the executor named in your Will would start the process after your death by filing a petition in court and seeking appointment. Your executor ....
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Business Planning
Estate planning and business planning often go hand-in-hand. This is because for many individuals and families, a business represents their most valuable asset. ...
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Trust Administration
Losing a loved one is a traumatic experience. Making important financial and legal decisions while grieving is extremely difficult. Unfortunately, tax planning does not stop at death. The estates and trusts that receive the assets of decedents present their own separate tax issues. ...
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