Trust Lawyers in Newport Beach and Long Beach, California
Plan for Your Future. Establish a Trust Today.
You spent many years of your life working hard at your job and doing whatever you could to grow your estate. Now you have a significant amount of assets to pass down to your children. The Law Offices of W. Bailey Smith can help you establish a trust that saves you from paying thousands of dollars in death taxes and probate fees.
Our principal attorney, W. Bailey Smith, is a certified estate planning tax specialist. He has more than 37 years of experience in the field. Under his guidance, we work toward protecting our clients' assets.
Contact us for a free 30 minute consultation about your estate planning needs. We are open Monday through Friday, from 9 a.m. to 5 p.m.
Our clients have a variety of reasons for wanting to establish a trust. That is why we provide a comprehensive list of services, including the establishment of:
- Revocable living trusts: These trusts are effective during a person's lifetime. They avoid conservatorships and guardianships. They also reduce or eliminate the death tax.
- Trusts for life insurance: Also called Crummey trusts, this type of trust allows you to put life insurance under a trust name and eliminate the death tax when it's paid.
- Qualified personal residence trust (QPERT): A QPERT allows you to transfer your home to your children at a greatly reduced cost.
- Charitable remainder trust (CRT): CRTs allow you to make a gift to the charity of your choice and avoid capital gains tax.
- Special-needs trusts: These trusts are for families with special-needs children. Families can provide for their children using this estate plan and still receive government aid.
- Incentive trusts: These trusts provide incentives for children to go to school. There may be a clause stating, "If the child doesn't graduate, he or she doesn't get the car."
- Legacy or dynasty trusts: Legacy trusts ensure assets remain with the family by establishing a family bank. They can be passed down from generation to generation, free from death taxes, for 90 years or even longer.
Contact the Law Offices of W. Bailey Smith
Contact our firm today to learn more about the various types of trust funds.
Our office in Newport Beach, California is conveniently located only blocks away from the John Wayne Airport and the intersections of I-405 and I-55. Our Long Beach office is located off I-405 and I-710 downtown near the courthouse.
