Los Angeles Trust Attorney
Looking for the Right Los Angeles Lawyer for Trust Creation Or Administration to Help You Plan For The Future, Protect Your Legacy, Preserve Your Wealth, Ensure Your Wishes Are Fulfilled, and Avoid Future Hassles for You and Your Loved Ones – With Simple Fixed Pricing So There Are No Surprise Fees?
We Know We’re Not The Only Trust Creation / Administration Lawyer In California, And We Know You May Be Searching For The Right Attorney To Help You. We’re Different. We Have Successfully Handled A Lot Of Trust Cases, Probably Similar To Yours. We Do Not Complicate Plans For Extra Billing, Really Care, And Keep Our Focus On The Best Interests Of You & Your Family. Here At Talai Law Offices, We Build Plans With Families In Mind.
Why Choose Talai Law Offices for Your Trust Case?
- Highly Reviewed & Rated – Highly rated on Google, as well as a, 5 out of 5 stars on respected legal site AVVO.
- No Obligation Strategy Session – There is no pressure to retain us after your first consultation. We look forward to working with you if/when you are ready.
- Your Attorney For Life – We offer a 3-year check-in after working with our firm.
- Full-Time Funding Coordinator – Protects your assets throughout your lifetime and makes sure they do not go through the long, expensive court process or get lost to the state.
- Experienced Estate Attorney – With years of combined experience, Attorney Ali Talai holds an Advanced Tax Law degree.
- Flat Fee Format – Know the cost upfront (in most cases). There are no surprise fees for our services.
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Situation
Call (818) 285-2850(818) 285-2850, or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
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How Many of These Life Situations and Goals for a Trust Apply to You?
People come to us when one or more of these apply to their lives. How many can we help you with?
- I do not want the state to take my money when I die
- I have a blended family/2nd marriage
- Asset protection concerns
- I have real estate outside of California
- High net worth/wealth preservation
- Children/beneficiaries need protection from themselves, e.g., frivolous spending, bad marriage/ex-spouse, creditors, litigation, etc.
- I want to transfer my business to the next generation
- I want to avoid probate court or minimize probate
- I do not want my son/daughter-in-law to get their hands on my child’s inheritance
- I moved to California and want to update my Trust to CA law
- Estate tax concerns
- I have a special needs child
- Provide for a pet
- I have charitable interests
There are many types of Trusts to choose from in Los Angeles, including Living, Testamentary, Revocable, and Irrevocable. Contact us today to craft a document that works best for your situation.
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What Our Clients Are Saying
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General Types of Trusts in California
- Revocable Living Trust – Allows individuals to own and control their property while alive, then transfer it to the trustee after death, while avoiding probate.
- Irrevocable Trust – An agreement among a settlor, trustee, and beneficiaries that cannot be revoked or amended. The trustor cannot take back property they transfer to an irrevocable trust. An irrevocable trust allows the person who creates the trust to manage their assets while avoiding probate and providing asset protection from future creditors. A California irrevocable trust can also help reduce estate taxes for those subject to the federal estate tax. Irrevocable trusts also protect the deceased estate from the creditors of their beneficiaries.
Actual Words Clients Have Used to Describe Us & Their Experience:
“Mr. Talai’s expertise and professionalism made the entire process smooth and stress-free,” “took the time to understand my unique circumstances, answered all my questions, and provided clear explanations of complex legal concepts,” “ Absolutely amazing experience having him as my lawyer & definitely will be using him in the future for any legal needs,” “ Absolutely amazing experience having him as my lawyer & definitely will be using him in the future for any legal needs,” “exhibits understanding and sympathy in what can be a trying time for families,” “Working with Ali was an exceptional experience that exceeded my expectations,” “ diligent with great attention to detail,” “One thing that impressed me the most was Ali’s ability to understand my unique situation and provide clear explanations of my options.”
If these are the things you are looking for in an Attorney to help protect your family and your legacy, contact our offices today!
What is a Trust?
A Trust is a relationship whereby assets are held by one party and managed for the benefit of another. These assets may accumulate interest and are not a matter of public record; thereby maintaining privacy regarding the assets. Trusts have been around since the Roman era and have three parties associated with them: the trustor (the person putting assets into the Trust), the trustee (the person managing the assets in the Trust), and the beneficiary (the person benefiting from the assets in the Trust). There may be multiple trustors, trustees, and/or beneficiaries.
Can I change an existing Trust?
If it’s a revocable Trust, absolutely, yes. You can always modify a revocable living Trust. In fact, as your life situation goes through changes (births, marriages, asset growth, etc.), it is a must to change your Trust, too.
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Trust Administration in California
The following are typical matters to be addressed in a Trust administration:
- Determining when a Trust comes into existence.
- Determining when trustee duties come into existence.
- Marshaling (finding and controlling) and determining the status of Trust assets.
- Determining the status of beneficiaries.
- Providing notice of existence and terms of the Trust to beneficiaries.
- Providing an inventory of Trust property to beneficiaries.
- Establishing and funding sub-trust that may be created under the Trust terms.
- Determining tax reporting requirements and payment of taxes such as estate and income taxes.
- Obtaining tax identification numbers.
- Determining creditors, if any, providing notice for opportunity to file claims, and payment of legitimate claims.
- Providing an accounting of financial transactions during the administration at regularly required intervals, and sub-trusts if applicable.
- Identifying and installing the Trustee.
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Our Location
We help families locally within or near the Los Angeles area when they need to handle issues or an estate for a family member within the state.
Locally families seek our help from Bel Air, Pacific Palisades, Beverly Glen, Brentwood, Cheviot Hills, South Arroyo, Porter Ranch, North Arroyo, Park West, Studio Village, Century City, Beverlywood, Hollywood Hills, Encino, and throughout the Los Angeles Metro Area.