Category Archives: Trust

Those in Woodland Hills, CA and all other California cities, who have assets they would like to be managed for the benefit of others may find a trust to be an effective tool at doing so. The same may be ... Read More

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 ... Read More

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 the Law Offices of Alice A. Salvo concerned ... Read More

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

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 ... Read More

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, ... Read More

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, ... Read More

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 ... Read More

We have all heard horror stories about wealth that passes down from one generation to another and does not pass the test of time. One of the most infamous examples is the fortune of Cornelius Vanderbilt, who would be worth ... Read More

How many trusts one should have is a question that comes up frequently because it used to be that two trusts were the norm. There’s some history behind this: estate tax laws (tax on the value of what is left) were ... Read More