(213) 596-0265
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info@teninalaw.com
·
Mon - Fri 09:30am-6:00pm
(213) 596-0265
·
info@teninalaw.com
·
Mon - Fri 09:30am-6:00pm

Trust Attorney In Orange County

Protect Your Legacy With Ease With Our Trust Attorney

With over 20 years of experience and a 98% success rate, our lawyers have helped thousands of California residents plan for their family’s future and protect their legacy. If you want to protect your assets, contact us now!

In a hurry? Call us now at (213) 596-0265

Trust Attorney In Orange County

Finding a trust, estate, and probate attorney in the greater Orange County area can be a huge asset for planning for your end-of-life arrangements. Having a plan in place for keeping your family safe can be important to properly dissolve your estate. As well as make sure that your family does not have to experience ongoing issues with taxation. Or a lengthy legal battle just to get your property and assets to their rightful owners. If you are looking for a trust attorney in Orange County, the offices of Tenina Law can help.

What Is a Trust?

A fiduciary trust is an arrangement in which a party (the Trustor) grants another party (the Trustees) the authority to hold assets or properties for the benefit of third parties (the Beneficiaries). Trust can be beneficial in many ways.

  • Trusts offer legal protection for the assets of a trustee
  • Trusts distribute trust assets according to the wishes and instructions of the trustor
  • Trusts reduce paperwork
  • Trusts can save you money
  • Trusts can reduce or even eliminate inheritance taxes

Types of Trusts

Each type of trust has its unique advantages. Trusts are available in California under the following categories:

Living Trust

A living trust grants the trustor access to assets during their lifetime. Upon the trustee’s death, the trust’s assets are transferred to the beneficiaries designated by the trustor. This type of trust offers the advantage of bypassing probate.

Revocable Trust

One of the key benefits of a revocable trust is its flexibility, as it can be amended, revoked, or terminated by the trustor while they are alive. In many revocable trusts, all three parties the trustor, trustee, and beneficiaries are the same. After the trustor’s passing, the trust assets are transferred to the beneficiaries.

Irrevocable Trust

An irrevocable trust, as the name suggests, cannot be altered or modified by the trustor during their lifetime. Once assets are placed in this trust, they cannot be removed by the trustor. Although irrevocable trusts are less flexible than revocable ones, they offer other advantages. For instance, in certain cases, irrevocable trusts may exempt the assets held within them from estate taxes. Irrevocable trusts are commonly used for long-term care and gift tax planning.

Testamentary Trust

A testamentary trust is created within a will. This trust type, also known as a “testamentary trust,” “will trust,” or “trust under a will,” provides greater flexibility compared to other types of trusts and can potentially reduce or even eliminate estate taxes.

Trusts for Life Insurance

A trust for life insurance enables the trustor to transfer their life insurance policy. This arrangement shields the life insurance proceeds from taxation and grants immediate access to the policy’s proceeds to the beneficiary upon the trustor’s death.

Charitable Trusts

A charitable trust permits the trustor to designate a charity or nonprofit organization as the beneficiary. The trust’s assets are transferred to the specified charity at a predetermined time.

Blind Trusts

In a blind trust, neither the grantor nor the beneficiaries have control or knowledge of the trust’s assets. Blind trusts serve as a means to prevent conflicts among the involved parties. The trustor may have concerns that the blind trust could cause disputes among multiple beneficiaries.

Credit Shelter Trusts

A credit shelter or bypass trust allows the trustor to transfer a specified amount of trust assets to their spouse without incurring taxes. This trust type ensures that assets remain tax-free, even if they appreciate due to investments.

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How Trust Attorney in Orange County Can Help You

Estate litigation experts can make sure that a relationship can be formed between the trustee that has the same benefit to your estate. We can help you name an official beneficiary. As well as create plans that can help you avoid probate and extensive taxation on your estate. Many estate plans across Orange County need to include one or more trusts. Working with an experienced estate planning company will reduce the chance of a dispute or litigation process against your estate. 

As your trustee, our trust lawyers can hold your assets in trust for your beneficiaries. Or work on behalf of your plan for each level of trust. We have a duty to prevent any mishandling of your trust. As well as to make sure that your trust is handled professionally in the event of your early passing or incapacitation. 

Make Sure to Work With the Experts

If a dispute ends up in a probate court it’s possible to have the trustee involved in your estate removed or face the chance that your trust could be amended. You should communicate with an expert in the field. Call Orange County immediately. Then make sure that all of your concerns are managed by a trust and probate lawyer. Rather than facing these issues, and facing years of costs and headaches associated with your trust. We want to ensure that your trust litigation can go as efficiently as possible. We can reduce your legal costs and the costs that your estate will face.

Many trust issues can occur because a trustee has not completed their fiduciary duties or the trust was created by an inexperienced legal professional. If your trust is in any type of mediation or it requires litigation, there can be failures in communication between your family and all of your beneficiaries. This can result in a series of problems with resolution in your case. It’s often difficult to find protection that’s required to help you find an option for resolution. 

Trust and probate attorneys can help you with representation in trust contests, for litigation in undue influences as well as in assisting trustees in handling disputes in preventing trust issues. Whether you’re experiencing a breach of fiduciary duty from a legal professional or a trust is in conflict, we can make sure that you have the proper representation from day one.

Why Work With Tenina Law?

Experience

With a combined experience of over 20 years, our team of attorneys has amassed a wealth of knowledge and expertise in the field of estate planning. We have honed our skills over the years, developing an effective formula that simplifies the estate planning process for you and your loved ones.

Efficiency

We understand the importance of efficiency when it comes to estate planning. That’s why we are committed to completing your estate plan within one week of your initial meeting. By streamlining our processes and utilizing our experience, we ensure a swift turnaround time without compromising the quality of our work.

Easily Accessible

We prioritize accessibility and understand that everyone has different preferences when it comes to communication. Therefore, we offer multiple channels of communication, including in-person, virtual, and phone consultations. This ensures that you can choose the method that best suits your needs and enables us to promptly address any questions or concerns you may have.

Transparency

Our firm values transparency and believes in providing upfront information to our clients. We maintain an open and honest approach, ensuring that there are no hidden costs or surprises along the way. From the outset, we provide clear and concise information about the services you will receive, ensuring that you have a comprehensive understanding of the entire process.

Reputation Matters

We take immense pride in our excellent reputation within the Orange County community. Our dedication to providing exceptional service and achieving favorable outcomes for our clients has resulted in numerous 5-star reviews on platforms such as Yelp and Google. Our positive reputation is a testament to our commitment to delivering top-notch legal services and ensuring client satisfaction

When you choose Orange County Wills & Trusts Attorneys, you can expect experienced professionals who are dedicated to making the estate planning process seamless, efficient, and transparent. We are confident in our ability to assist you in safeguarding your assets and securing the future of your loved ones.

The Trusted Choice in Orange County Estate Planning

We specialize in simplifying the complex field of estate planning. Whether you are a newlywed couple, approaching retirement, or concerned about long-term care, we can assist you in establishing the optimal plan for your family. Our expertise encompasses the intricacies of trust and estate law, along with its tax implications. Rest assured, we will safeguard your assets, as well as those of your loved ones.

We will spend time getting to know you and your goals, as well as explaining a range of estate planning issues, including:

  • Wills
  • Powers of Attorney
  • Healthcare directives
  • Estate planning and trusts
  • Estate Tax Planning
  • Planning for Children
  • Special Needs Planning
  • Elder Law/Medi Cal Planning
  • Irrevocable Trusts
  • Dynasty Trusts
  • Business Succession Planning

Our team understands that no two estates will be the same, and we will tailor a plan for you. We can help you create a bridge into the future, whether you need a simple will or want to protect your legacy with trust.

Trusts and Estate Planning Attorneys in Orange County

People have preconceived ideas about estate planning and trusts. They think that only multi-millionaires can afford to use them and leave large funds in trust for their children. Trusts are a valuable tool in estate planning for millions of people.

Some of the most popular trusts include:

  • Trusts for Minors
  • Special Needs Trusts
  • Revocable Living Trusts
  • Irrevocable Life Insurance Trusts
  • Marital Trusts

Trusts can be tailored to meet the needs of people who are planning an estate or making gifts. A skilled estate planning lawyer can assess your financial situation and help you determine the best vehicle to preserve wealth and legacy.

Responsibilities of the Trustee

The trustee is tasked with several responsibilities that they are not qualified to carry out without legal advice. These include:

  • Notifying beneficiaries and heirs about the ongoing trust administration process.
  • Identifying and collecting assets held within the trust.
  • Determining the value of the assets.
  • Settling all tax obligations, expenses, and outstanding debts related to the trust.
  • Maintaining detailed accounting records throughout the trust administration process.
  • Seeking professional advice regarding the disposition and transfer of assets, such as life insurance policies, retirement benefits, and jointly-held assets that fall outside or are governed by the trust.
  • Preparing state and federal tax returns, which may include reporting generation-skipping taxes and gift taxes.
  • Maintaining open lines of communication with beneficiaries throughout the entirety of the trust administration process.

Contact One of Our Trust Attorney in Orange County

Or Call us now at (213) 596-0265

We Give Trustees Peace of Mind

We are here to assist you, as a trustee, in ensuring your compliance with legal obligations. With our guidance, you can rest assured that you will not be exposed to unnecessary risks or liabilities associated with your trustee role. Tenina Law is dedicated to helping you administer the trust efficiently and promptly. For further information, please don’t hesitate to contact a trust lawyer.

Trust Administration Lawyers at Tenina Law

Tenina Law offers expert guidance in navigating trust administration procedures for both beneficiaries and trustees. Trust administration can often become a daunting and time-consuming task, leaving those involved feeling overwhelmed and frustrated. Our paramount objective at Tenina Law is to streamline the trust administration process, minimizing stress for all parties involved, while also mitigating conflicts, avoiding probate, and minimizing personal liability. Take the first step towards a smoother trust administration by scheduling a complimentary initial consultation with our trust attorneys today. You’ll be glad you did.

Frequently Asked Trust Administration Questions

What Do Trust Attorneys Do?

In Orange County, California, trust lawyers play several different roles. Orange County trust attorneys can help trustees in all aspects of trust administration. Trust attorneys are often involved in the following tasks:

  • Notifying beneficiaries and relevant government agencies about the trustee’s passing.
  • Managing the trust estate, which entails reconciling outstanding debts and bills, evaluating property values, filing taxes, and reporting gains and losses.
  • Transferring trust assets to the designated beneficiaries.
  • Ensuring compliance with federal and state trust and tax laws.

How Do I Choose a Trust Attorney?

When choosing a trust lawyer, there are several factors to consider:
Practice Areas: When selecting a trust administrator, it is advisable to choose someone who specializes in estate planning or related areas such as wills. Lawyers who cover a broad range of practice areas may not have the most up-to-date information on changes in relevant legal statutes that could impact estate administration.

Experience: It is crucial to recognize the significant difference between an estate and trust attorney with only a few months of experience and one with many years of practice. The attorney you select should possess extensive experience in estate planning and trust administration. Generally, the longer an attorney has been involved in trust administration, the better.

Cost: Cost is an important factor to consider when choosing an attorney to administer trusts. Before hiring a lawyer, it is essential to have a clear understanding of the costs and payment arrangements. However, price should not be the sole determining factor when selecting a trust lawyer.

Communication: Lastly, the trust and estate lawyer you hire should treat you as an active participant in the trust administration process. During the initial consultation, ask your attorney if they are willing to share and discuss trust documents with you. Trust administration should be approached as a collaborative effort.

What Questions Should I Ask a Trust Attorney?

Many attorneys offer free consultations for potential clients. These initial consultations provide an opportunity for clients and attorneys to familiarize themselves with each other and determine if they are a good fit. To make the most of your first consultation, it is important to come prepared with the right questions. The quality of the questions you ask can help you gauge whether the attorney is the right choice for you. Consider asking the following questions when consulting a trust lawyer:

  • Does the attorney dedicate a significant portion of their practice to trust management?
  • While the attorney needs to focus on trust administration, it is equally crucial that they have extensive experience in this field. Prioritize selecting an attorney with years of experience in trust administration.
  • During your initial consultation, it is crucial to inquire about the attorney’s fee structure. While cost should not be the sole determining factor when choosing an attorney, it is an important aspect to consider. Ensuring alignment on the fee structure from the beginning can help prevent future issues.

What Happens When a Trust Administration Is Complete?

The trustee refers to the trust terms to ascertain how trust assets should be distributed to the designated beneficiaries. Depending on the trust’s provisions, the trustee may either distribute assets directly to beneficiaries or retain them in the trust for their benefit. The process involves preparing and executing conveyance documents for the beneficiaries of the trust. Without the guidance of an attorney, it can be challenging to ensure the accurate preparation of documents and proper distribution of assets. Moreover, trustees often seek assurance that the trust will not be susceptible to future claims of wrongdoing or omission following the asset distribution. This is another area where the expertise of a lawyer can greatly assist trustees.

Contact an Expert Trust Attorney in Orange County California Today

Our team of trust attorneys at Tenina Law is dedicated to assisting you in navigating the trust administration process. We take the time to understand your unique situation and provide guidance through California’s trust administration procedures. We recognize that trust administration requires a collaborative approach, and our trust lawyers are here to address all your inquiries and ensure the faithful implementation of the trust terms. Contact us today to arrange a complimentary initial consultation.

Tenina Law’s trust administration attorneys are well-equipped to guide you through even the most complex processes. We understand that trust administration can be time-consuming, intricate, and overwhelming. Our goal is to simplify the process and alleviate stress for the trustee while avoiding court involvement and conflicts.

If you need guidance on what steps to take after the passing of a loved one, please reach out to our friendly and helpful team at (213) 596-0265. We are here to help you explore your options and determine the best course of action.

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In a hurry? Call us now at (213) 596-0265