Trusts

California Trusts Lawyer in Fremont

Alameda County Attorney Helping You Avoid Probate

A trust is an effective estate planning tool that allows people to protect more of what they've worked hard to earn, plan for the financial security of their loved ones, and support causes they believe in. At JOHAL LAW APC, we help clients evaluate their financial situation and long-term interests through estate planning involving trusts. While some trusts allow people to avoid certain kinds of taxes and penalties associated with Medicaid eligibility, others may only be appropriate for estates of a certain value. Understanding the financial, tax, and legal issues involved is essential in determining what kind of trust and estate plan works best for you and your family.

Get the information you need to make the right - and informed - decision for your family's future. To schedule an appointment and discuss how we can help you, contact us online today.

Trusts — Evaluating Your Current and Future Needs

Our attorneys advise and represent clients in regard to the following kinds of trusts and trust-related issues:

  • Special needs trusts (supplemental needs trusts)
  • Revocable / irrevocable trusts
  • Testamentary trusts
  • Asset reallocation
  • Medicaid eligibility
  • Charitable remainders
  • Pet trusts

Protecting Your Trust Against Financial Mismanagement

Trusts are typically administered by either a family member or a corporate trustee, such as a bank or financial institution. While a family trustee usually does not cost anything and may be provided with more discretionary power, they are almost never bonded or insured. Consequently, should financial mismanagement occur, the beneficiary of a trust will be unable to recover financial losses.

Alternatively, while a corporate trustee is bonded and insured, they charge more for their services and exercise greater control over what trust funds are to be used for. This could create difficulties if a beneficiary finds him or herself in need of extra money but is denied it by the corporate trustee.

Determining What Works Best for You in Fremont

At JOHAL LAW APC, we're dedicated to protecting our clients' interests through careful, thorough evaluation of their situation and future goals. We create checks and balances that provide financial transparency for auditing and reporting purposes, while providing clear steps for the transfer of trusteeship in the event of death or illness. We advise clients regarding fiduciary responsibility and what steps can be taken to help protect their trust far into the future.

If you are planning your estate and would like more information regarding trusts and how they can help secure your family's financial security, contact us online today.