Fiduciary Services
Hinojosa & Forer LLP, frequently serves as a fiduciary in trust, conservatorship and estate matters in Los Angeles and throughout California. A substantial part of our practice involves us serving in such fiduciary capacities as the trustee of complex trusts, special and general administrator of probate estates, and as a conservator of estates.
Our fiduciary expertise is regularly utilized by the legal community in matters ranging from general trust and estate administration to complex litigation while managing a wide variety of assets. The Probate Court frequently appoints Hinojosa & Forer LLP in complex trust and estate disputes, or as conservator of the estate, in those matters where substantial assets and complicated financial issues are involved. He has particular expertise in handling real estate issues. As a fiduciary, Hinojosa & Forer LLP has had hundreds of millions of dollars of assets under management.
Hinojosa & Forer LLP is often able to provide substantial savings to the trust or estate by charging fees only for his fiduciary services. Normally, a private fiduciary charges for his or her time in addition to hiring separate legal counsel to represent them who also charge attorney fees for their services. Hinojosa & Forer LLP is often able to eliminate an entire set of fees for the trust or estate. Additionally, with the consent of the interested parties, Hinojosa & Forer LLP is frequently able to offer further cost savings by acting as the real estate broker and waiving fiduciary fees related to the sale of real property if feasible under the circumstances.
Fiduciary services are available in the following areas :
- Trusts
- Probate Estates
- Conservatorships
Trusts
In the Trust context, Hinojosa & Forer LLP is available to serve as a trustee, interim trustee, or successor trustee of a trust. In this capacity, he is guided by the terms of the trust document and the intent of the settlor(s), or by agreement of all of the beneficiaries or parties involved. The administration of each trust will be different due to its terms, the beneficiaries, types of assets comprising the trust estate, liquidity requirements and the objectives of the trust. Hinojosa & Forer LLP is often appointed by the court as successor trustee during litigation involving beneficiaries. Hinojosa & Forer LLP offers comprehensive trust administration services, including arranging for all tax‑related representation with outside accounting firms.
Conservatorships
In the context of Conservatorships, Hinojosa & Forer LLP work includes serving as court‑appointed conservator of an estate or successor conservator of an estate and can include:
- Arranging for accounting services
- Collecting and accounting for all income and principal transactions
- Paying fiduciary expenses and bills and accounting for all transactions
- Communicating details of transactions and important information
- Determining an investment objective for each fiduciary account
- Investment management decisions for the estate assets or the hiring of an investment manager
- Insurance administration including health, automobile, homeowner's, personal property, liability, and long-term care programs
- Arranging for all tax work required; allocate to outside accounting firms to include household employee withholdings
For a consultation regarding Hinojosa & Forer LLP fiduciary services, please contact us via email or at (310) 473‑7000.
