When researching the topics of trusts and trust administration, Woodland Hills residents may likely hear the terms “principal” and “income” thrown around quite a bit. If you’re involved in administering a trust, understanding the terms “principal”READ MORE >
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.READ MORE >
When a settlor entrusts a trustee to manage assets for the benefit of designated beneficiaries in Woodland Hills, California or throughout the state, that person is placing a great deal of faith in the trustee’s abilitiesREAD MORE >
If you have been asked to serve as a trustee of a trust account by a family member or friend in the San Fernando Valley, your first concern may be what sort of consequences you couldREAD 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 thatREAD MORE >
