Determining Reasonable Compensation for a Professional Trustee
During a trust administration, a professional trustee may serve alongside a loved one of the decedent. Reasonable compensation is not always obvious.
Articles about Trustee Duties
Obtaining Additional Compensation for Your Trustee Duties
If a trust dictates the amount of trustee compensation, that amount generally is what is used. In some cases, you may be entitled to more, however.
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.
What if a Trustee is Failing to File Tax Returns?
Failing to file the required tax returns may constitute a California breach of trust under state law. Trustees typically have a duty to file tax returns and pay any taxes that are due.
I suspect that the trustee of a California trust is engaged in wrongdoing-More about requesting a bond
If you have reason to suspect that the trustee of a trust in San Diego is engaged in wrongdoing and you have an interest in the trust property, requesting a bond can provide some protection. A beneficiary can petition the Court to order the Trustee produce a bond. The bond serves as a safeguard. If the trustee engages in wrongdoing, the bonding company will pay the costs.
What should I do if a disabled person is about to receive an inheritance?
If a disabled person is about to receive a substantial inheritance, these assets can be lost if proper action is not taken. Receiving financial inheritances can result in a disabled person’s disqualification from receiving certain benefits, such as social security or Medi-Cal.
Distributions to the Wrong Party: Lawsuit Against a San Diego Trustee
Wondering if you have grounds to pursue a lawsuit against a San Diego trustee for distributing your inheritance to the wrong party? View here for more.
Options for What to Do When a Trustee Stops Paying Taxes
If a trustee fails to pay taxes, what options does a beneficiary have? There are several, including removing trustees and holding them personally liable.