Practice Areas

We’re an estate planning firm.  Day in and day out, it’s all we do.  We provide legal services in the areas of planning and administration.

PLANNING

Living Trusts (also known as Revocable Trusts):

A living trust is the foundation of most estate plans.

Living trusts avoid probate, facilitate the transfer of property to beneficiaries, and eliminate court conservatorship proceedings.

Irrevocable Trusts:

Irrevocable trusts can accomplish many things:  asset protection;  estate tax reduction; charitable giving, and protection of beneficiaries who cannot handle their own finances.

Some of the traditional irrevocable trusts we can create include:

1. Grantor Retained Annuity Trust (GRAT) (for holding highly appreciating property, such as pre-IPO shares)

2. Charitable Remainder Trust (CRT)

3. Qualified Personal Residence Trust (QPRT) (for holding a home or vacation residence)

4. Education Trust

5. Irrevocable Life Insurance Trust (ILIT)

6. Special Needs Trust (SNT)

7. Grantor Retained Interest Trust (GRIT) (ideal for same-sex couples)

Follow the hyperlinks to learn more about these structures.

Asset Protection

For those engaged in high-risk enterprises or with significant real estate holdings, we prepare the durable structures that limit involuntary exposure to third parties.

Wills

Power of Attorney

Advance health Care Directives

Trust Amendments

Transfers of Real Property In and Out of Trust

ADMINISTRATION

1. Probate:

Probate is the court-administered procedure for validating a will and overseeing the payment of taxes and estate creditors and distribution to beneficiaries. We serve as probate attorneys in Los Angeles County.

2. Trust Administration:

A trustee can be a financial institution but, more commonly, is a surviving spouse or family member. After death, deadlines come into play for notification of interested parties and filing of tax returns. Depending on the nature of trust assets and the complexity of the trust terms, the trust may require outright or delayed distributions and ongoing management of property. We provide counseling to trustees in discharging their legal duties. From time to time, we also serve as trustee.

3. Small Estate Administration:

Decedent estates with a value not exceeding $150,000 are eligible for summary procedures.  We show clients how to navigate these expedited but potentially murky areas.

4.  Spousal Property Petitions:

Surviving spouses may qualify for summary petitions for the transfer of  Deceased’s property.  We are able to bring these petitions and save our clients a great deal of time and money.