Ideally, a family living trust should be funded with all the assets so they all pass to the beneficiaries through the trust. Of course, this doesn’t always happen. More often than we would like to see, individuals who have set up trusts still have banking and investment accounts with old...
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What Happens When a Bank Refuses to
Accept Your Power of Attorney?
Recently, our firm has received a number of inquiries from clients telling us that their bank or credit union has refused to recognize valid financial powers of attorney. Case Study: Mary’s Story This can happen for a number of different reasons, but one common scenario unfolds something like this: A...
Max Alavi, Attorney at Law, APC: Contested Trust Litigation “Win”
Newport Beach, California, October 2018 – Max Alavi, Attorney at Law, APC would like to announce the successful conclusion of another litigated trust matter. After a two-year battle in the Orange County Courthouse, Max Alavi, Attorney at Law, APC was able to reclaim trust assets denied to our client who...
Max Alavi, Attorney at Law, APC: Excited to Announce Relocation of Main Office to New Location
Newport Beach, California, October 2019 – Max Alavi, Attorney at Law, APC is pleased to inform you of our new office location at 2424 SE Bristol St. This move will allow for the further expansion at a more client-friendly location situated off the 73 Freeway for easy travel access and...
Max Alavi, Attorney at Law, APC is Excited to Announce its Santa Ana, Rancho Palos Verdes and Los Angeles Office Grand Openings on March 01, 2018
NEWPORT BEACH, CA, March 24, 2018 /24-7PressRelease/ -- Max Alavi, Attorney at Law, APC would like to share the exciting news of the addition to their office locations of Santa Ana, CA, Rancho Palos Verdes, CA, and Los Angeles, CA beginning in March 2018, adding these locations to our current...
What are the Trustee’s Duties to Provide Notice to the Beneficiaries After the Creator of the Trust Has Passed Away?
Deciding who to designate as the successor trustee to your trust is a decision that should not be taken lightly. You will want to make sure that you appoint someone who will be organized and trustworthy. It is also preferable for the successor trustee to live nearby. After you pass...
The Importance of Properly Funding Your Trust
Setting up a living trust is an important tool to provide a smooth and cost-effective transfer of assets to your heirs when you pass. However, creating a trust is just the first step. The next crucial step in the process is funding the trust. “Funding the trust” refers to the...
What Can I Do if the Trustee Won’t Give me a Copy of the Trust?
Every now and then we encounter situations where a trustee refuses to provide a copy of the trust to the beneficiaries. This leaves the beneficiaries uneasy, as the trustee carries on the affairs of the estate while the beneficiaries are left in the dark. Fortunately, the California Probate Code has...
Do I Really Need to Create a Living Trust?
The most common purpose for setting up a living trust is to protect your heirs from having to go through the probate process when you pass away. Probate is the term used to describe the legal process in which the state court determines how the assets of a deceased’s estate...
Advantages of Marital Deduction Trusts and Bypass Trusts in Minimizing Federal Estate Taxes.
Marital Deduction Trusts allow a surviving spouse to defer federal estate taxes while enjoying the use and benefits of trust property. The federal estate tax marital deduction is one of the most important tools available to a married couple as the couple plans their estate. The deduction allows a married...