As a trustee, you must perform your duties in accordance with a certain standard. Understanding this standard is crucial to avoiding liability.
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A trustee can be temporarily suspended during the trial to have the trustee removed. Find out why you may want to consider filing a petition to do this.
Under California trust law, trustees have an obligation to fulfill certain duties. In 1995, California adopted its own version of the Uniform Prudent Investor Act, imposing a prudent investor rule. Learn more here.
Table of Contents Key Takeaways Understanding Beneficiary Rights to an Accounting When a Trustee Must Provide…
When a beneficiary objects to a trust accounting, the objection must be in good faith. If not, the beneficiary may face financial penalties.
As the beneficiary of a trust, you may be entitled to receive a distribution of trust property. You have certain legal rights with regard to this inheritance.
Trust Litigation Costs in California explained by a Certified Specialist in Estate Planning, Probate and Trust Law.
Table of Contents Key Takeaways Understanding Ownership in a Revocable Living Trust Roles of the Grantor,…
An overbid is an offer by a prospective purchaser of real estate owned by an estate that is higher than the previous offer accepted by the personal representative. Read more here.
Acting as a co-trustee may lighten the workload, but it does not reduce your potential liabilities. Co-trustees can be held jointly and severally liable.