![]() ![]() On the other end of the spectrum, a greedy would-be heir who was left out of the trust might start making legal motions in bad faith to try to stall or undermine the disbursement process. They may feel the need to clear up these points in a court of law before moving ahead with distributing the entrusted assets. For example, a relevant party may have legitimate questions about the validity of the documents used to establish the trust. Such disputes can arise for any number of reasons. While trusts and estate plans are intended to minimize court involvement and get funds to beneficiaries as smoothly as possible, their inherent complexities can unfortunately also give rise to disputes among beneficiaries, between beneficiaries and the trustee, or even against the trust itself. Some are even designed to re-fund themselves into perpetuity through investments so that more funds can be disbursed every year, such as in the case of a scholarship trust. The process of creating and disbursing a trust can take decades-or more. Much like any other legal or financial strategy, the process of designing, establishing, implementing, and disbursing trusts can become quite complex. These assets can consist of anything from the money in a basic bank account to unique tangible property, like a valuable comic book collection or a garage full of classic cars. Trusts are legally binding arrangements wherein a named trustee (the administrator or manager of the trust) holds valuable assets for the benefit of one or more beneficiaries. While the details can be vastly different from trust to trust, they all work in the same fundamental way. There are several different types of trusts that can be set up, and with all the potential configurations and clauses, trusts are almost endlessly adaptable. There are many reasons why someone might set up a trust to hold assets, including restructuring tax burdens, putting specific stipulations on inheritances, or keeping assets out of probate court. ![]() “Trust litigation” is a subcategory of law relating to any disputes involving trusts, which are special legal and financial instruments designed to hold assets until specific conditions are met for disbursement. Understanding Trust Litigation Under California Law We offer a no-pressure initial consultation to review your legal options and help you determine whether it will be in your interests to retain our high-quality services for your trust dispute or probate case. Our experienced attorneys and support staff are dedicated to protecting our clients’ interests and achieving favorable outcomes in trust litigation cases, in addition to related matters like estate planning, disputes surrounding wills, and conservatorships. Hinojosa & Forer LLP can offer this type of experienced legal help to clients throughout Santa Monica and beyond. Hinojosa & Forer LLP: Experienced Santa Monica Trust Litigation Attorneys Trusts are complex instruments at the crossroads of law and finance, and the only appropriate response for trust-related litigation is finding a trust litigation attorney to represent your side of the issue in court. ![]() When you’re facing a serious and complicated issue involving high-value assets, it’s crucial that you meet the challenge by enlisting powerful legal help. Sometimes these cases can drag on for years and even result in you being unable to access funds that are rightfully yours. 21.If you are facing the prospect of going to court for trust litigation in Santa Monica, California, it likely represents major stress and inconvenience in your life, regardless of which side your interests lie on. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. and/or other countries.Ĭorporate Responsibility, Privacy & Legal Notices: Compass is a licensed real estate broker, licensed to do business as Compass RE in Delaware, Idaho, New Jersey, Pennsylvania and Tennessee, Compass Real Estate in Washington, DC, New Hampshire, Vermont, Maine, Wyoming and Idaho, Compass Realty Group in Missouri and Kansas, and Compass Carolinas, LLC in South Carolina. Do Not Sell or Share My Personal Information, Terms of Service, Privacy Center, Scam Avoidance, Responsible Disclosure, Compass is an E-Verify employer, Notice for California Applicants, California COVID-19 Rules of Entry, and Your CA Privacy RightsĬOMPASS, the Compass logo, and other various trademarks, logos, designs, and slogans are the registered and unregistered trademarks of Compass, Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |