Knowledgeable California Estate Lawyers Work to Keep Trust Assets Secure
Experienced Glendale attorney handles a variety of trust-related matters
The Law Offices of Sheldon J. Eskin assists trustees in Southern California in all aspects of trust administration services and specifically assists with the management and oversight of living trusts, QTIP trusts, charitable remainder trusts and special needs trusts, as well as general management of assets. With almost four decades in legal practice, we know how to assess your concerns and give you reliable advice to ensure your fiduciary duties are performed effectively. Whether you need to sell trust property, require information on operating a trust for a disabled individual or guidance on dispersing trust income, we will give you the support you need to carry out the trust’s purpose.
Accomplished counselor provides high quality trust administration and asset management services
With the authority a trustee holds over trust assets and the distribution of income, comes obligations to fulfill certain fiduciary duties, such as the duty of loyalty and the duty of impartiality, among many others. Generally, these duties require the trustee put the interests of the beneficiaries first, and failure to do so can subject the trustee to legal liability. Our goal is to identify potential issues in advance and tell you how to avoid them so legal action does not occur. Part of this support is helping you effectively manage trust assets and advises you on how to legally complete transactions involving commercial real estate or other corporate property held by the trust. We will give you the legal guidance needed to successfully oversee and direct trust assets as the creator intended.
Dedicated law firm offers effective management of living trusts
Living trusts can be great vehicles for long-term financial planning because of the flexibility they provide, allowing the creator to access assets throughout their lifetime and transfer them upon their death to named beneficiaries without having to go through the probate process. To keep the trust viable and to retain the tax and privacy benefits, it is important to conscientiously manage trust assets so they will last and pass to beneficiaries as intended. We have extensive experience managing living trusts.
Reliable advocates assist with complex trust management
Each trust has considerations that must be acknowledged, and understanding the nuances of each is essential to staying in compliance with the law and intentions of the trust’s creator. We assist with the administration of complex trusts, including:
- Special needs and supplemental trusts — These trusts are established to provide financial support to a disabled individual while maintaining their eligibility for medical and public assistance programs.
- QTIP (Qualified Terminable Interest Property) —This is an irrevocable trust which grants a life estate to a surviving spouse and helps families avoid federal gift tax.
- Charitable remainder trusts — A charitable remainder trust facilitates charitable giving, while also granting immediate tax benefits and ongoing income to beneficiaries (including the creator).
These trusts must be operated properly to retain their benefits, and we carefully assist with administration to ensure the intended purpose is carried out and trustees are fully supported in all matters.
Contact committed Southern California trust administration attorneys for a consultation
The Law Offices of Sheldon J. Eskin represents clients in southern California in a variety of trust administration issues. Please call 818-905-0102 or contact us online to schedule a consultation at our Glendale office.