Richard Grainis the principal of the Grain Law Firm. With offices in Beverly Hills... more
Richard Grainis the principal of the Grain Law Firm. With offices in Beverly Hills and Pasadena, California the Grain Law Firm provides extensive estate planning, trust administration and probate services to individuals, families and business owners in the Greater Los Angeles area. Richards primary focus is protecting his clients from the potentially devastating legal consequences of disability... view profile
I specialize in estate and trust planning, with an emphasis on tax planning for... more
I specialize in estate and trust planning, with an emphasis on tax planning for strategic wealth transfers. In addition, I provide legal and tax advice to owners of small businesses and rental properties who would benefit for transferrring their interests into limited liability business entities in a manner that will protect their personal assets and avoid triggering an increase in their proper... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.