The Trust Doctor is not a medical doctor, he fixes trusts!
For most clients, an estate plan includes a living trust, pour over wills, durable powers of attorney and advance health care directives. READ MORE
Probate is a court proceeding involving property or assets that belonged to a loved one who has died where that asset has no place to go. READ MORE
Trust administration is where there is an existing trust that needs to be administered. It either needs to be administered because the person who created is unable to administer it or has passed away. READ MORE
Many of you already have a Revocable Living Trust. However, your Living Trust may have been prepared years ago. You know there are provisions in your Living Trust which need to be updated, revised or completely removed, but you are not sure what needs to be done. READ MORE
Trust litigation can be initiated during or after trust administration due to a variety of different reasons. A beneficiary may wish to pursue litigation when payments have been insufficient, when the trustee incorrectly values assets before sale or makes crucial accounting or reporting errors. READ MORE
Although California has no death tax, the federal death tax can be substantial. The larger your estate, the more carefully you must plan and choose from many options, depending on your specific circumstances and objectives. READ MORE
Pet trusts are legal devices that allow you to appoint a caretaker to care for your pet after you pass away. A Pet Trust will ensure that your pet receives the proper food, housing, veterinarian care, and kennel care after you’re gone. READ MORE
Guardians of the property or the person of a minor are appointed in probate court proceedings similar to those involving conservatorships, but applying only to persons under 18 years of age. READ MORE
If a court appoints someone to take care of financial matters, that person is called a “conservator of the estate.” A person in charge of medical and personal decisions is a “conservator of the person.” READ MORE
When a child has a developmental disability, a chronic illness, or a medical condition that interferes with employment, or even a severe problem with drugs or alcohol, a special needs trust. READ MORE
Developing an effective succession plan is one of the most important steps you can take to provide a strategy for the continued success of your business for future generations. Succession planning develops a framework for the smooth transition from you to the next generations. READ MORE
Our family owns an international manufacturing company. I was audited by the IRS and had several meetings with our CPAs and our corporate attorneys, they both told us we had no case and we had to pay additional estate taxes to the IRS. We wanted a second opinion and we consulted with the law firm of W. Bailey Smith. Bailey advised us to fight the IRS. We followed Bailey’s advice and we won. Thank you Bailey for saving our family millions of dollars in taxes. You saved our family business. I will always be grateful to Bailey.
During my career as an estate tax attorney with the IRS I reviewed thousands of different attorneys’ estate planning documents. I wanted the best attorney to do my work. I found Bailey’s documents to be among the best and that is why I have consulted with him for my own personal estate plan.
I retired from the practice of law in 2013. All of my clients’ files were transferred to Bailey’s office. I have known Bailey for a good number of years, and I was very pleased that he wanted to combine my clients with his. Bailey has received many honors. The California State Bar’s Board of Legal Specialization has certified Bailey as a Specialist in Estate Planning, Trust and Probate Law. He has taught classes in estate and gift taxation and lectured on tax savings throughout California.
If you need a heart doctor, you’d want a board certified cardiologist. If you need an estate planning attorney, you’d want a certified estate tax planning specialist, like Bailey. There are over 15,000 attorneys in Orange County, but only a few have been certified by the State Bar of California as experts in wills, trusts, and estate planning. That’s why I hired Bailey as my personal attorney. I have been practicing law for 20 years, but I needed a top notch estate tax planning specialist to plan my family’s estate plan. I wanted my family’s money to stay in my family’s blood line for my children, grandchildren, and great grandchildren. Bailey created a unique estate plan for my family to avoid in-laws that become outlaws; to avoid predators and creditors; and to eliminate the voluntary 40% death tax. Bailey is not only an estate tax planning guru, but he has also become one of my very best friends.
Bailey is one of the few certified estate tax attorneys in Orange County. He drafted our estate plan. He represented us in an IRS audit which resulted in a substantial victory for our family. He gives every client his 55-page booklet entitled “How To Plan Your Estate Today.” He also provides his clients with plain English explanations of different choices they have in planning their estate, and a DVD that they can watch to review the steps necessary to complete their estate plan. We have used and recommended Bailey for all of our estate tax needs during the last 25 years. We are privileged to call Bailey both our estate planning attorney, and also our friend. We strongly recommend W. Bailey Smith to anyone with any estate tax problems or trust administration issues.
As I read your educational booklet on How to Plan Your Estate Today, one thought kept recurring in my mind: “I wish I had said that! What more can I say, it is superb.”
We have used W. Bailey Smith for the past 15 years in handling our wills and trusts. He has restated documents from prior attorneys and he has done a superb job for us in protecting our assets against taxes and lawsuits. From my family to your family I highly recommend Bailey to anyone needing estate tax planning.
We strongly endorse W. Bailey Smith’s legal and planning skills. He has made a tremendous difference for our family’s ability to retain its wealth by protecting it from excessive taxation by a hungry IRS. We have annual meetings with Bailey where he makes certain that things remain as they should be. He stays current with changes in the law and with the changes in our family’s circumstances that may be affected by the law. Bailey convinced us that our estate planning documents must be correctly prepared ahead of the time that they will be needed and without delay. We are all busy. Yet, a big part of financial freedom is having your heart and mind free from worrying about the “what-ifs” of life. Working with Bailey has given us tremendous comfort for our future. We are proud to have him representing us.
Sandee and I could not be more pleased with the expertise and support provided by W. Bailey Smith. We had a limited knowledge of trusts. Bailey provided the needed expertise so we could be at peace with our estate planning for both our present and our future.
Kate and I have appreciated Bailey’s assistance over the past 20 years with regard to our living trust, and advice as to coordinating our personal assets, trust assets, and our corporation, into an overall estate plan to provide continuing benefits to our family, including children, grandchildren and now great grandchildren. Bailey has kept our family informed over the years as to changes in estate planning. I have been pleased to refer my clients to Bailey for their estate planning requirements.
Early on, Bailey pointed out that there were many avenues that our tax codes allowed you to take advantage of in your estate planning. Our tax codes change so frequently and it takes someone like Bailey who has the unique designation and expertise in this area to stay on top of these changes and opportunities. Bailey meets with my wife and me periodically to review our plan and tax code changes. In recent years, we have had our two grown sons meet with Bailey to ensure their understanding of our estate plan. By doing so, Bailey has now met with their families and has created their estate plans and is protecting the second and third generations of our family. Our entire family takes great comfort in knowing Bailey and his professional staff are in our corner.
Some years ago, my wife and I decided to get our financial affairs in order. We didn’t want some impersonal organization handling our assets and the sale of our home. Knowing of Bailey Smith’s reputation for handling situations like ours, I asked Bailey to meet with us and evaluate our proposed trustee’s ability to handle the job. Bailey agreed to advise and guide the trustee. We feel that he saved us a lot of money and frustration which would have resulted from dealing with a corporate trustee. He arranged for an excellent accountant and in general, helped us through the whole process when my wife died. I unequivocally recommend Bailey for anyone who is concerned about his estate and what problems arise upon the death of his spouse.
My original estate plan was drawn up in 1991, and I came to believe that it could be greatly improved. In 2013, I worked with Bailey to rewrite my plan to both reduce estate taxes and to protect my heirs from losing any part of their inheritance to predators, creditors, or in-laws. I am very happy with my experience with Bailey, and I highly recommend him.
W. Bailey is a well recognized expert in his field. He provides outstanding service and has years of knowledge that his colleagues and clients benefit from tremendously.
Pleasure to Work with
I have had the pleasure of working with Bailey for many years on mutual client matters and have consistently been impressed with his knowledge, responsiveness and the outstanding manner in which he serves his clients. He has a wonderfully engaging personality that makes working with him a joy.
W. Bailey Smith is a consummate professional. He is a Certified Specialist in estate planning, trust administration and probate. I have had ongoing and frequent contact with Bailey over the past few years, and I never cease to be amazed by the incredible breadth and depth of his knowledge, as well as his superior competence, creativity and problem-solving abilities.
Certified Specialist in Estate Planning, Trust Administration and Probate – Irvine & Long Beach Offices
I graduated from Stanford University and the University of California, Hastings College of Law. After serving as an Agent in Counter-Intelligence in the United States Army, I practiced law as a Deputy District Attorney and then with a major Los Angeles law firm. I taught estate tax planning as an adjunct professor at Long Beach State for ten years. I continue to teach informative and timely seminars on estate and gift taxation, and provide lectures on tax savings throughout Southern California. I have been quoted in the Wall Street Journal, the Reader’s Digest, the American Bar Association Journal, the Orange County Apartment Magazine, and the Orange County Lawyer.
I am a Trust Doctor, not a medical doctor. I fix trusts! Some trusts are broken, some are antiquated, and some need to be created. I help families avoid creditors and predators. I also assist families to reduce or eliminate the voluntary death tax. I show families how to keep their family money in their bloodline for generation after generation by avoiding the in-laws that often become the “outlaws”. How would you feel if your children or your grandchildren did not receive their inheritance?
I am a Certified Specialist in Estate Planning, Trust Administration and Probate. I have over 45 years of experience and have drafted over 7,000 estate plans. My offices continue to serve the greater Los Angeles and Orange County areas and are conveniently located in Irvine and Long Beach, California. Please call (949) 756-0684 for your complimentary consultation today.