San Fernando Trusts Lawyer, California

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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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Jerry D Rothman

Trusts, Family Law, Corporate, Personal Injury

Status:

CONTACT

750 N Workman St, San Fernando, CA 91340

Tamila Chris Jensen

Trusts, Estate, Wills

Status:

CONTACT

10324 Balboa Blvd, Granada Hills, CA 91344

Lindsay Lupe Savin

Trusts, Estate, Civil & Human Rights

Status: Licensed: 13 Years

CONTACT

10663 Yarmouth Ave, Granada Hills, CA 91344

Margaret Davalene Wilson

Intellectual Property, Entertainment, Trusts, Family Law

Status:

CONTACT

17826 Chatsworth St, Granada Hills, CA 91344

Jaclyn K Cunanan

International, Trusts, Gift Taxation, Estate

Status: Licensed: 15 Years

CONTACT

Panorama City, CA 91412

Richard Besone

Dispute Resolution, Trusts, Estate

Status: Licensed: 49 Years

CONTACT

8510 Amestoy Ave, Northridge, CA 91325

Don Kiyomi Yamagishi

International, Trusts, Gift Taxation, Estate

Status: Licensed: 28 Years

CONTACT

Mission Hills, CA 91346

Israel Aaron Levy

International, Trusts, Gift Taxation, Estate

Status: Licensed: 55 Years

CONTACT

15862 Vincennes St, North Hills, CA 91343

Fredrick John Weitkamp

Trusts, Estate

Status: Licensed: 72 Years

CONTACT

10724 White Oak Ave, Granada Hills, CA 91344

800-814-6700

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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).

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

CERTIFICATION OF TRUST

See abstract of trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TRUSTEE POWERS

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

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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San Fernando Trusts Lawyer, California

Sponsored Law Firm

Law Offices of Alice A. Salvo

SPONSORED LAWYERS

Jerry D Rothman

Tamila Chris Jensen

Lindsay Lupe Savin

Margaret Davalene Wilson

Jaclyn K Cunanan

Richard Besone

Don Kiyomi Yamagishi

Israel Aaron Levy

Fredrick John Weitkamp

TIPS

LEGAL TERMS

RESIDUARY BENEFICIARY

ESTATE PLANNING

GENERATION-SKIPPING TRANSFER TAX

GRANTOR RETAINED INCOME TRUST

INHERIT

AUGMENTED ESTATE

CERTIFICATION OF TRUST

INVENTORY

TRUSTEE POWERS

SAMPLE LEGAL CASES

Schwartz v. Labow

In re Estate of Young

Bilafer v. Bilafer

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