Practice Areas

Trusts

Seasoned Los Angeles Trusts Attorney

The primary purposes of a Trust is to avoid Probate.  The Probate process will require the payment of Court fees and attorneys' fees of approximately 4% of the gross estate, and no deduction for encumbrances or amounts due creditors.  The charge of administering all the assets of the estate.

Trusts are a popular device for minimizing tax burden and for avoiding the probate process. At Wellington Y. Kwan, Inc., our lawyers are familiar with different types of trusts and we can help you find the trust or combination of trusts that will best suit your needs. We can also help you determine the best way to fund and manage your trusts.

There are many options when it comes to trusts. Bypass trusts, survivor trusts, marital trusts, revocable and irrevocable trusts, QTIP trusts and living trusts are all names of devices that our clients have used to protect their assets. In some cases, people use living trusts to avoid probate. Trusts lawyers should be familiar with probate and estate planning in order to fully understand their clients’ situation and advise them properly.

The process of selecting a trustee is an important one. We advise clients on what to look for when choosing someone to administer their trust. Certain types of trusts will not operate as intended if the wrong person is selected as trustee.

With over 30 years of experience, Wellington Y. Kwan understands the issues facing his clients. Wellington Y. Kwan, Inc. prides itself on helping clients find the solutions that best suit their situations. Our firm’s goal is to protect people’s estates and assets in a cost effective way. We work hard to avoid unnecessary costs, and we work quickly.

If you have questions about trusts, or if you would like to schedule your free initial consultation, contact us today to discuss your situation with a skilled Los Angeles trusts attorney.