Wills & Trusts
A will is a document you create to control who gets your
property, who will be the guardian of your children, and who
will manage your estate upon your death. The importance of
a will cannot be understated. More than likely a will is
perhaps the most important legal document the average
person will ever sign. Yet, over 70% of American adults do
not have a will. Not enough time, can't afford an attorney, too
busy to think about it - - are all common reasons why people
do not prepare wills.
If you are leaving property to minor children, you may want to
consider leaving the property to them in a testamentary
trust. This trust is used to hold property for the benefit of
another. For instance, if you leave $10,000 to your child who
is 12 years old, you could have the property placed "in trust"
child until he or she reaches a certain age or finishes
school. The person you name to take care of the property is
called the trustee of the property, and your child is the
beneficiary. The trustee is usually the person you appoint
as the guardian to your children, but it can be someone
else you appoint instead. Many rules apply to the trustee.
For example, the trustee must act in the best interest of the
beneficiary. The trustee cannot mishandle the property or
use the property for his or her own benefit.
Mr. Nguyen has helped many of his clients in preparing
simple as well as complex trusts that can protect
themselves and their families from unwanted creditor
litigation and attachments to their properties.
Combined with his business background, Mr. Nguyen's
legal expertise in entity formation can further protect an
individual and their family from potential litigation or
attachments of personal assets that may destroy a family.
7755 CENTER AVE
HUNTINGTON BEACH, CA 92647
Tel: (714) 655-1904
Fax: (714) 908-7763
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