Find out how to protect yourself, your assets and your family from the government & high legal fees
Practice areas & skills: Trusts, Elder Law, Medicaid & Medicare, Estate Planning, Wills & Living Wills
Ms. Mains is a graduate of the University of California, Los Angeles (B.A. Political Science 1991) and received her Juris Doctorate, cum laude from the Loyola University Chicago School of Law in 1996. She was admitted to practice law in the Stat...
Practice areas & skills: Trusts, Estate Planning, Financial Markets and Services, Business, Employment & Labor
Daniel D. Kopman JD CPA RIA was licensed as a California CPA in 1987 and has been licensed and practicing as legal counsel for approximately 25 years. He has worked with major international law and accounting firms and similarly with regional and ...
Practice areas & skills: Trusts, Tax, Litigation, Business, Estate Planning
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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.