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Understanding the advantage of your special needs trust

On behalf of Law Offices of Alice A. Salvo | Aug 5, 2019 | Trust Administration

If you are the parent or caregiver of a person with special needs in California, you may feel the pressing responsibility of organizing a plan for the care and support of your loved one in the event something happens to you. Because your family member is a dependent...

Decanting Your California Irrevocable Trust

On behalf of Law Offices of Alice A. Salvo | Jun 10, 2019 | Trust Administration

When you set up an irrevocable trust, it is usually with the intent never to change any of the terms. By creating your trust this way, you can recoup certain benefits and be sure that the conditions are fixed. But what can you do if you or the beneficiaries experience...

What trust should you establish?

On behalf of Law Offices of Alice A. Salvo | Mar 15, 2019 | Trust Administration

Californian residents may set up trusts for a number of reasons. Different people can be the beneficiaries and trustees, as well. We at the Law Offices of Alice A. Salvo can help you while you create a trust, starting by explaining the various types.One of the less...

What should I know about first-party special needs trusts?

On behalf of Law Offices of Alice A. Salvo | Dec 24, 2018 | Trust Administration

Like many other California residents, you understand that it is important to have your estate planning in order for the benefit of your loved ones. However, what about taking charge of your own medical and financial needs if you become disabled? If you are unable to...

How do you resign the role of trustee?

On behalf of Law Offices of Alice A. Salvo | Dec 22, 2017 | Trust Administration

Serving as the trustee of a trust created by a client, associate or someone close to you in Woodland Hills can be an arduous task. Initially, you may have no problem taking it on out of your sense of loyalty to the trust’s settlor. Yet eventually you may get to...

Understanding the limitations to spendthrift trusts

On behalf of Law Offices of Alice A. Salvo | Oct 27, 2017 | Trust Administration

As you get deeper into your estate planning, the issue of how you can preserve your assets for the benefit of your beneficiaries in Woodland Hills will inevitably come up. Many come to us here at The Law Offices of Alice A. Salvo concerned that their beneficiaries...

Determining a trustee’s liability

On behalf of Law Offices of Alice A. Salvo | Sep 15, 2017 | Trust Administration

Being party to a trust in Woodland Hills can be a nerve-wracking proposition given that your interest in it are wholly impacted by the actions of another. While you of course want to trust that the settlor of the trust chose a trustee that he or she believed and had...

Widow and bank at odds over management of trust

On behalf of Law Offices of Alice A. Salvo | Aug 11, 2017 | Trust Administration

Helping someone through their final days in Woodland Hills can be a monumental task. The difficulty of such an endeavor may be what makes it understandable why so many seem to favor those that they are closest to during their twilight years in their estate planning....

Collecting child or spousal support from trust assets

On behalf of Law Offices of Alice A. Salvo | Jun 30, 2017 | Trust Administration

Different areas of the law may intersect in certain cases. However, two that you might not assume to have much relevance to each other are estate planning and family law. You might be surprised to learn how often these different legal disciplines go hand-in-hand. Many...

Determining the legal viability of oral trusts

On behalf of Law Offices of Alice A. Salvo | May 20, 2017 | Trust Administration

The basic premise of a trust is fairly straightforward: A person (the settlor) asks another (the trustee) to retain and manage an asset for the benefit of yet another (a beneficiary). Given the simplicity of that explanation, one might think that a trust is little...
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Recent Posts

  • Factors to consider when creating a last will and testament
  • Simplifying the process of setting up an estate plan
  • Limited conservatorships for disabled adult children
  • Should you gift assets to your beneficiaries outright?
  • Don’t forget your estate plan during a divorce
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