In the picturesque communities of Orange County, California, life is often bustling with family events, career pursuits, and social engagements. With so much going on, it’s easy for families to put off important tasks like estate planning. But what happens when someone dies without a will or estate plan, also known as dying intestate? This…
Continue reading ›Articles Posted in Irvine trust lawyer
In the heart of Orange County, California, there lived two married couples: Tom and Mary, and Jack and Susan. Both couples had successful careers, beautiful homes, and children they adored. They spent their weekends at the beach, enjoying the sun, and attending their children’s soccer games. Like many in their community, they knew estate planning…
Continue reading ›A charitable remainder trust or (CRT) is a type of irrevocable trust that allows the person who creates it (called the “Grantor”) to receive income from the trust and even split the income with other beneficiaries for a period of time. After the period expires, the assets that remain in the trust are gifted to…
Continue reading ›A trust is a contract. The person who creates a trust is called a grantor. The person who carries out the terms of the trust is called the trustee. The persons or organizations who receive property or money from a trust are called beneficiaries. The trust is, in essence, an agreement between the grantor…
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