Los Angeles Family Trust Attorney

What is a family trust?

A family trust is a trust designed for the purpose of passing assets directly to children or other heirs instead of them being automatically passed to a surviving spouse. It also may be set up to conduct a family business. Unlike a will, it allows the transfer of assets to the beneficiaries before a person's death. It shelters and protects the family's assets and provides certain tax benefits. It may be a revocable living trust or an irrevocable trust.

Many families set up a family trust to reduce inheritance taxes, which may occur when property is transferred from parents to their children. A family trust is commonly established to avoid probate proceedings, create privacy, and for the management of financial affairs. Family trusts ensure that children are provided for, especially special needs children. It also may provide income for all children while parents are still in control of the trust, protect assets from creditors, and create an enduring structure for future wealth.

Family Trust Lawyer in Los Angeles

The Los Angeles trust lawyers at the Law Offices of David A. Shapiro, a Professional Corporation, focuses on estate planning, including family trusts, for all potential clients in the Los Angeles area, including Malibu, Cheviot Hills, Century City, and Brentwood. We are highly skilled and knowledgeable in all facets of family trusts and are ready to put our legal know-how and competence to work for you.