Testamentary Trust Lawyer in Los Angeles
Why do you need a testamentary trust?
A testamentary trust is simply a trust established in a person's will, which takes effect after he or she dies. Let our competent and knowledgeable legal team provide you with the legal solutions you need for your testamentary trust.
Testamentary trusts go into effect upon the trust creator's death and are commonly used when an individual wishes to leave assets to a beneficiary, but doesn't want the beneficiary to receive those assets until a specific time. For example, a grandparent may want to leave assets to a minor grandchild through a testamentary trust so that child wouldn't receive those assets until he or she became an adult and could manage them responsibly.
With testamentary trusts, a trustee manages the trust assets until the requirements set forth in the trust are met and the beneficiary receives control over them. Testamentary trusts are irrevocable, meaning they cannot be change, altered or amended once they have been established.
Why choose attorney David A. Shapiro?
Los Angeles trust attorney, David A. Shapiro has dedicated his legal practice to trusts and trust litigation. Committed to excellence and client satisfaction, he is actively involved in establishing trusts and trust litigation throughout the Greater Los Angeles Area. Just a few reasons why you should choose attorney Shapiro include:
- David A. Shapiro is a certified specialist in estate planning, trust & probate law by the California State Bar.
- He is an active member of the Trust and Estates Sections of the California State Bar.
- Attorney Shapiro is a serving member of the Board of Directors of the Los Angeles Estate Planning Council.
- Concerned about his community, attorney Shapiro received the Wiley W. Manuel Award for Pro Bono Legal Service.
- We offer free case evaluations to all prospective clients.
This type of trust is often created for minor children, disabled children, or young adult children when large funds, such as life insurance funds, are to be distributed after the parents' death. A testamentary trust is then created and a trustee is appointed to maintain the funds for a specified time. This time period could last, for example, until the children reach a certain age, at which time the trust expires.
Knowledgeable Help for Testamentary Trusts
There are many options and ways of protecting and maximizing your assets so that your family members or other heirs receive them in the most efficient manner. Talking to a testamentary trust attorney will help you understand and decide how to make those very specific provisions for your loved ones.
We are a firm that cares about our clients and we provide personalized attention to achieve the legal results that you need, so do not hesitate to contact a Los Angeles trust litigation lawyer today.