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Review: “Gene Osofsky saved my parents entire estate from a Medi-Cal claim. My brother and I were using a different attorney for my parents Will and Living Trust(we did not know of Gene Osofsky at the time). Both my parents ended ...
Practice areas: Trusts, Elder Law, Probate, Estate Planning
Providing prompt, quality, results oriented representation and practical advice for over 28 years in business, real estate, and creditors rights/bankrupcty matters. Check us out at www.ponlaw.com Greenwood & Moore, Inc. “We have retained ...
Practice areas: Trusts, Bankruptcy & Debt, Real Estate, Business, Commercial
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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.