A trust can be an important document to establish for you, your family, and your loved ones. Setting up a trust allows you to have control over your assets so that they can benefit you during your life, and then turns the administration of the assets over to your heirs upon your death. A trust can give you the peace of mind you need so that you know your family is provided for, but there is also the responsibility of setting up trustees for the trust so that you know the trust will get managed properly. Working with a co-trustee attorney in Los Angeles like I. David Small can help make sure your trusts are set up to have the right person overlooking your assets.
Choosing the Right Trustee
An important step when setting up any kind of trust is selecting the right person or persons to be successor trustees or co-trustees. You want to know that you have someone you can trust to guide and oversee your assets when you no longer have the capacity to do so yourself. Ideally, you want someone with experience dealing with trusts and has the appropriate legal and financial insight to oversee your assets properly. You can set up a family member to handle this role for you, or you can elect to have co-trustees work together.
Speaking with an Attorney for Assistance
It can be a good idea for you to enlist the help of a co-trustee attorney in Los Angeles so that you know the legal ramifications of designating co-trustees to your assets. In many cases, individuals may elect to have an attorney named as a co-trustee to avoid any possible disagreements that may occur if you were to name two children or other family members as co-trustees of the trust. A lawyer can help in situations like this to assure that there is a smooth administration of the trust without any difficulties.
The Right Attorney Matters
Choosing the right co-trustee attorney in Los Angeles matters to you if you want to assure yourself that your trust is in the best hands. Here at the law offices of I. David Small, we have over thirty years of experience in estate planning, trusts, and trust administration so that you know you will get the best advice and guidance. If you would like to arrange for a consultation to discuss establishing a trust, please give our office a call at 310-574-3037, and we will be glad to schedule a meeting with our attorney so we can customize a trust to fit your needs.