Estate Planning Attorney Irvine

Advanced Estate Planning

More advanced planning is sometimes needed because of the size of the estate, the types of assets in the estate, or because there are complicated family issues. Our living trust attorneys use sophisticated estate planning and wealth preservation techniques to assist individuals, families, executives, and owners of closely-held businesses in preserving and protecting their assets and tailor plans to meet each client’s objectives.

Other Types of Trusts

We counsel clients on estate and tax planning, wealth preservation, multi-generational tax and estate planning, asset protection planning, business succession planning, charitable planning, and related legal matters. We assist families in dealing with family legal issues affecting seniors and disabled children or family members with special needs.

These sometimes require other trusts such as:

• Revocable Trust | Irrevocable Trust
• Charitable Remainder Trust (CRT)
• Charitable Remainder Unitrust (CRUT)
• Grantor Retained Annuity Trust (GRAT)
• Qualified Personal Residence Trust (QTIP)
• Intentionally Defective Grantor Trust (IDGT)
• Special Needs Trust (SNT) and Third-Party SNT
• Spousal Lifetime Access Trust (SLAT)
• Qualified Personal Residence Trust (QPRT)
• Dynasty Trust | Legacy Trust
• Irrevocable Life Insurance Trust (ILIT)

We understand the legal and administrative headaches dealing with trust and administration matters. We also know it’s often difficult to find attorneys experienced in trust and estates with proven litigation skills. So let’s go over a few critical facts and best practices to ensure you get experienced legal counsel and avoid legal complications.

 Our Trust litigation attorneys have over 30 years of experience in this area and are well versed in helping mitigate loss, ensuring a cost-effective and smooth process.

 Need immediate assistance, feel free to call us now at 1-888-318-4430.

 Need a Second Opinion?

 There are times when you need a second opinion from another attorney. We can confidentially evaluate what the problems and solutions are for your case. And tell you the truth about what the source is of your delays, questions, or increased expense if you are currently in litigation.

 Here is what we’ll cover:

Why is this taking so long

• Is it your lawyer
• Do you wish your attorney was more like your opposing counsel? What are your options?
• Why is this costing so much? 
• When will this be over? Does my case have issues?
• When should you settle and for how much?
• What burning question do you have on your mind? If you have questions that your attorney is not answering, or the litigation has taken unexpected twists and turns, you should seek a second opinion.  Call Today or a contact form on weekends.  We will call you Monday morning!

TRUST ADMINISTRATION SERVICES NEEDED BY TRUSTEES AND BENEFICIARIES

Are you the Trust trustee? If so, there are many steps to ensure you stay within your fiduciary duties. We have made this page to assist you throughout the process and feel free to call us and speak with one of our expert trust administration lawyers.

With that said, let’s get started.

As the Trust trustee, you will have “fiduciary responsibility” or what is called your “ethical obligation” to the beneficiaries of the will or trust, meaning you are to follow the directives of trust document’s terms for the benefit of both “settlor” and “beneficiaries.”

Now once a person dies, the trust becomes irrevocable. Your objective as a Trustee is to stay out of trust litigation. It is our recommendation to find an attorney to assist you in protecting an effective trust administration process.

WHY SHOULD I USE AN ESTATE PLANNING ATTORNEY TO ASSIST ME IN TRUST ADMINISTRATION?

There are many moving parts to the trust administration process. From speaking to CPAs, IRS, tax advisors, investment advisors, etc., is quite a task, and there are deadlines and expectations from the beneficiaries. If you exceed your trustee powers, you may be held liable for loss or damages to the trust estate.

How much time does it take to complete the trust administration process?

Unlike probate, which can take nine months to 2+ years, organized trusts administration process falls between two to six months typically. Now, if there is a sub-trust to manage monetary gifts to minor children, etc., it may continue.