Porter Ranch Trusts Lawyer, California, page 2

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Navid Kanani
About | Practice Areas
JS Abrams Law
20501 Ventura Blvd, Woodland Hills, CA 91364Â» view map
Estate
Exceptional Legal Services

We deliver exceptional legal services to property, private, institutional, and individual sectors.

800-970-4621
1. Navid Kanani Woodland Hills, CA
  Attorney at Law - CA, 2010
  Southwestern University J.D. 2009
2. AboutJS Abrams Law
  JS Abrams Law provides customized legal services
3. Practice AreasSpecializations
  Estate
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Fredrick John Weitkamp

Trusts, Estate

Status: In Good Standing Licensed: 72 Years

CONTACT

10724 White Oak Ave, Granada Hills, CA 91344

Hebe Barrera

Trusts

Status: Inactive Licensed: 46 Years

CONTACT

Northridge, CA 91327

Maral Najarian

Trusts

Status: In Good Standing Licensed: 18 Years

CONTACT

Northridge, CA 91327

Douglas Owen Meyer

Trusts, Estate, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

22132 Vincennes St, Chatsworth, CA 91311

Ilan Sendowski

Wills, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

19108 Lull St, Reseda, CA 91335

Israel Aaron Levy

International, Trusts, Gift Taxation, Estate

Status: In Good Standing Licensed: 55 Years

CONTACT

15862 Vincennes St, North Hills, CA 91343

Don Kiyomi Yamagishi

International, Trusts, Gift Taxation, Estate

Status: In Good Standing Licensed: 27 Years

CONTACT

Mission Hills, CA 91346

Joseph Anthony Marino

Trusts, Estate

Status: In Good Standing Licensed: 54 Years

CONTACT

9371 Hanna Ave, Chatsworth, CA 91311

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

DEVISEE

A person or entity who inherits real estate under the terms of a will.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

SAMPLE LEGAL CASES

Schwartz v. Labow

... The probate court's general jurisdiction encompasses "the internal affairs of trusts" and "[o]ther actions and proceedings involving trustees...." 17000, subds. ... 427 (2) The probate court has general power and duty to supervise the administration of trusts. ...

In re Estate of Young

... (a)(2)(D).) The trial court ruled that the Estate was the prevailing party, because it had showed sufficient evidence of undue influence and fraud in the establishment of the trusts. ... A. Creation of Land Trusts and Operational Trusts; Background. ...

Bilafer v. Bilafer

... SIMONS, Acting PJ. On December 30, 1999, Mitchell J. Bilafer (Mitchell) [1] executed two irrevocable trusts (collectively, the 1999 Trusts). In 2006, Mitchell filed petitions to reform the 1999 Trusts to conform them to his intent. ...

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Porter Ranch Trusts Lawyer, California, page 2

Sponsored Law Firm

JS Abrams Law

SPONSORED LAWYERS

Fredrick John Weitkamp

Hebe Barrera

Maral Najarian

Douglas Owen Meyer

Ilan Sendowski

Israel Aaron Levy

Don Kiyomi Yamagishi

Joseph Anthony Marino

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

DEVISEE

TRUST MERGER

INVESTOR

PER CAPITA

ENTITY

BYPASS TRUST

FAMILY ALLOWANCE

SPENDTHRIFT TRUST

SAMPLE LEGAL CASES

Schwartz v. Labow

In re Estate of Young

Bilafer v. Bilafer

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