It can be necessary to have both a probate and trust administration for the same estate in California. Contact us if you are unsure about what to do.
Articles about Fiduciary Change
In most situations, the court does not supervise a trust administration. If you suspect a trustee is mentally incompetent, act quickly to protect the assets.
If you suspect a trustee is mismanaging trust assets, you have several options. Consider petitioning the court for an accounting to assess what has happened.
During a trust administration, assets must be allocated among any sub-trusts. The trust may direct that either a pecuniary or fractional formula be used.
A trustee can be forced to pay money to remedy a breach if a judge orders a fiduciary surcharge. View here for more from a San Diego trust litigation attorney.
If you suspect abuse of trust funds, it is vital that you take action right away. View here for more from a San Diego probate court attorney.
Attorney Scott Grossman explains that a settlor nominates successor trustees in order. If no nominated trustees are able to serve, a beneficiary can nominate so
What Happens When a Party Seeks to Revoke a Will Admitted to Probate? Read more here about what to expect and when you need to talk with an attorney.