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Richard Grain is 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 o...
Practice areas: Trusts, Estate Planning, Probate
I approach the practice of law from a client-centric point of view. For me, being certain that my client's experience is positive when dealing with legal matter is paramount. For instance, if you come to me, infuriated by something someone ...
Practice areas: Trusts, Probate, Litigation, Business
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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.