If a trustee has mismanaged assets or property, which caused a significant loss of value, the first thing you want to do is determine how the estate was mismanaged.
Articles about Irrevocable Trust
If there is a problem with a trust that you are an interested party to, you have several options. Trust reformations or modifications are two possibilities.
When assets are held in trust to avoid a creditor, it may deemed fraudulent under certain circumstances. This may include when the debtor was found insolvent.
Trusts are normally terminated in accordance with the terms of the trust instrument. In some cases, consider terminating the trust early.
During a trust administration, it is possible that a trustee could pass away. In these cases, a successor may be appointed depending on the circumstances.
Does a Surviving Spouse Automatically Inherit in California? This is a question we hear often and the short answer is NO! Attorney Grossman discusses this in the video and we are always here to help with California Probate issues.
We don’t know if there is a will or a trust? How do we find out? Attorney Scott Grossman answers these questions in this very helpful video.