Trustees Must Keep Accurate Trust Records During Administration
When administering a trust, you will encounter various expenses along the way. It is important to keep accurate records and receipts throughout the process.
Articles about Accounting
I suspect the trustee of a California trust is abusing trust funds. Which option should I pursue for protection?
Understanding what the right step is when you suspect trustee wrongdoing requires the guidance of an experienced San Diego probate court attorney. Trust litigation often can take several months, even years. When you are concerned that trust assets are being abused, it is therefore vital that you act quickly.
Trustees Must Act Reasonably After an Account Objection
When a trustee prepares a trust accounting, beneficiaries can contest the information contained. If the trustee reacts unreasonably, he may face penalties.
If a de facto trustee in California takes a trustee’s fee from a trust, does it violate California trust law?
Whether or not a person rightfully took trustee’s fees from a California trust depends on the terms of the trust instrument and whether or not the person was a named trustee in the document, a de facto trustee, or a trustee de son tort.
Countable Assets and Distributions With Special Needs Trusts
The trustee of a special needs trust must be careful when making distributions. If not, the beneficiary’s ability to receive benefits could be impacted.
Executors Prepare Themselves for Pooled Trust Administration
The way to administer a trust depends largely on the type of trust you are working with. Pooled trusts are a type of special needs trust with unique features.
What should I do if there are very little assets left in the California trust that I am administering?
At times during a trust administration in San Diego, the assets of the trust may dwindle to the point where there is very little left. Trust administration also involves certain costs, which means that continuing to administer the trust may not make financial sense.
Keeping a Trust Inventory Up-to-Date
As the successor trustee of a trust, it is your responsibility to maintain the trust’s inventory list. This list must be kept up-to-date.