Monterey Park Estate Lawyer, California, page 3

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Alice Salvo
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Law Offices of Alice A. Salvo
20350 Ventura Blvd, Suite 110 Woodland Hills, CA 91364 » view map
Los Angeles County Estate Planning Lawyer
A Distinguished and Devoted Legal Practice

Our founding attorney, Alice A. Salvo, has a long list of accomplishments and is highly recognized among the legal and local community for her dedication to estate planning.

800-750-0071
1. Alice Salvo Woodland Hills, CA
  Attorney At Law - CA, 1982
  Southwestern SOL, J.D. - 1980
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Darrell Charles Clapp

Trusts, Estate

Status: In Good Standing Licensed: 32 Years

CONTACT

234 Pasqual Ave, San Gabriel, CA 91775

Hilda Garzon-Ayvazian

Lawsuit & Dispute, Wills, Trusts, Accident & Injury

Status: In Good Standing Licensed: 30 Years

CONTACT

118 E Huntington Dr, Alhambra, CA 91801

Emily Telleen Porter

Trusts, Estate

Status: In Good Standing Licensed: 14 Years

CONTACT

1441 Huntington Dr, South Pasadena, CA 91030

Robert William Renken

Tax, Trusts, Gift Taxation

Status: In Good Standing Licensed: 32 Years

CONTACT

1600 Huntington Dr, South Pasadena, CA 91030

Betty M Kwan

Trusts, Estate, Employee Rights, Employment

Status: In Good Standing Licensed: 14 Years

CONTACT

711 E Las Tunas Dr, San Gabriel, CA 91776

Joy Demetria Bass

Trusts, Estate

Status: In Good Standing Licensed: 23 Years

CONTACT

1613 Chelsea Rd, San Marino, CA 91108

Stephen Scott Talt

Trusts, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

2596 Mission St, San Marino, CA 91108

Nancy A. Shaw

Trusts, Estate

Status: In Good Standing Licensed: 46 Years

CONTACT

2425 Mission St, San Marino, CA 91108

Lisa K Edwards

Trusts, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

1600 Huntington Dr, South Pasadena, CA 91030

Steven Albert Anderson

Estate Planning, International Tax, Business, Trusts, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

1600 Huntington Dr, South Pasadena, CA 91030

800-923-0641

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LEGAL TERMS

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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).

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

SAMPLE LEGAL CASES

In re Estate of Young

Stephen Parker, as administrator of the estate of Irma E. Young, deceased (the Estate), filed this petition under Probate Code section 850, subdivision (a), [1] to request an order and judgment establishing the Estate's ownership of certain real property and personal property held by ...

Estate of Kievernagel

In this case we must decide whether a widow has the right to use her late husband's frozen sperm to attempt to conceive a child where her late husband signed an agreement with the company storing the frozen sperm providing that the frozen sperm was to be discarded upon his ...

Estate of Bennett

Claimants Smith Heavy Industrial Transit Corporation and Advanced Development Holdings, Inc. (collectively Smith), appeal from a probate court order granting the motion of petitioners Lu Ella Bennett, Jack H. Bennett, Jr., and Louise Comer to set aside and rescind a ...

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Monterey Park Estate Lawyer, California, page 3

Sponsored Law Firm

Law Offices of Alice A. Salvo

SPONSORED LAWYERS

Darrell Charles Clapp

Hilda Garzon-Ayvazian

Emily Telleen Porter

Robert William Renken

Betty M Kwan

Joy Demetria Bass

Stephen Scott Talt

Nancy A. Shaw

Lisa K Edwards

Steven Albert Anderson

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

FAILURE OF ISSUE

ABSTRACT OF TRUST

IRREVOCABLE TRUST

TRUSTEE POWERS

GRANTOR RETAINED INCOME TRUST

POUR-OVER WILL

INTER VIVOS TRUST

ACCUMULATION TRUST

SAMPLE LEGAL CASES

In re Estate of Young

Estate of Kievernagel

Estate of Bennett

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