Review: “Kristen did a great job. Every step went exactly as she said it would and she was easy to reach with questions. She looked at my whole financial picture and discussed non-bankruptcy options, as well. I would recommend ...
Practice areas & skills: Trusts, Estate Planning, Probate
Review: “We have worked with Tim Smallsreed for over 20 years, during which time he has advised our family about issues ranging from estate planning to pre-nuptual agreements to disagreements with landlords to employment negotiati...
Practice areas & skills: Trusts, Corporate & Incorporation, Estate Planning, Business
Steven M. Simrin is an Oakland, CA area probate and tax attorney and certified public accountant. He spends most of his time helping clients with probate and trust matters, including disputes and litigation, as well as tax dispute resolution.
Practice areas & skills: Trusts, Probate, Tax
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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.