A trust is the most popular way to transfer assets to future generations with a plan for management of those assets beyond multiple lifetimes. More specifically, a trust is a private contract between (i) the settlor or creator of the trust, and (ii) the trustee of the trust, i.e. the party designated by the settlor …
What is a Testamentary Trust and Why Do I Need One? Read More »
An irrevocable trust is most commonly established by written trust agreement amongst family members and cannot be modified or terminated unless ordered by the Court or all parties to trust otherwise agree. An irrevocable trust may also be created upon death via last will or revocable living trust. While there are several reasons for establishing …
What Is An Irrevocable Trust And Why Do I Need One? Read More »
With the Democrats taking control of the both the executive and legislative branch for the first time in a decade, President Biden’s tax policy ideas are anticipated. . .
Vanessa Bryant has been dealing with a number of legal issues since the passing of her husband and daughter. This past April, she co-petitioned the CA probate court to amend her husband Kobe’s irrevocable trust to include thier daughter Capri who was not added to trust as a named beneficiary before Kobe’s death. So you may be …
Kobe Bryant Left One Of His Daughters Out Of His Trust. Can It Be Amended? Read More »
The law offices of Locksley A. Rhoden, P.L. dba The Wealth Protection Firm is a boutique personal services law firm specializing in
business, taxation, charitable organizations, trust and estate planning, probate administration, trust administration, probate litigation, trust litigation and IRS representation.
We provide our clients with comprehensive and customized planning solutions designed to protect assets, insulate liability
exposure, minimize taxes and plan the transition of ownership and control of family wealth to future generations.
