Law Offices of Alice A. Salvo Logo

ARTICLES/BLOG

Involvement Of Various Parties In A Living Trust

Because the probate process in California can be drawn out and difficult, many residents may consider living trusts as an alternative to a will. However, it is important to understand the difference between a revocable andREAD MORE >

Estates With Charitable Trusts Must Satisfy IRS Rules

The IRS maintains specific definitions concerning what constitutes a valid trust that can be included in a Californian estate. Although many people want to donate assets to charitable causes, the estate devices they employ to doREAD MORE >

Avoiding Common Pitfalls When Setting Up A Trust

California residents may be unaware about the most common mistakes people make when planning an estate trust. While it may be difficult to think about, not taking precautions when arranging a trust can cause major dilemmasREAD MORE >

Duties Of A Trust Administrator

Residents of California may wonder what is involved in trust administration. A trust has two parts, income and principal, and the administrator, also known as the fiduciary, is in charge of managing both of those parts.READ MORE >

What Are Your Tax Responsibilities As A Trustee?

When you have been named a trustee in a Woodland Hills trust or California trust, you are expected to oversee matters that can be a very complicated administration process. Part of this is understanding the taxREAD MORE >