When a trust creator (grantor) passes away, the trustee must take certain steps to manage and administer the trust. If you are a trustee, beneficiary, or heir, it’s important to have some idea of what to expect during the trust administration process. Therefore, as a...
Trust Administration
Why You Should Consider Having a Trust
When you think of estate planning, your will, and terms like medical guardianship, and Medi-Cal probably come to mind. However, having a trust is also an essential part of planning for the future. Here is why you should consider having a trust as part of your...
Do I Need a Support Trust?
In California, the Probate Code has different types of trusts that have varying rules and purposes. Some trusts allow the beneficiaries to have a great deal of flexibility in how they use disbursements, while others are limited. In many cases, a trust's primary...
The Best Way to Plan for Your Pets
For many of us, our pets are more than just animal companions; they are a member of the family. Whether it's a traditional pet such as a dog, cat, or hamster, or something more unusual like a potbelly pig, horse, or parrot, the bond an owner shares with their animal...
Understanding the advantage of your special needs trust
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
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?
Californian residents may set up trusts for a number of reasons. Different people can be the beneficiaries and trustees, as well. We at the 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?
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?
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 the...
Understanding the limitations to spendthrift trusts
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 concerned that their beneficiaries will...
