Trusts are normally terminated in accordance with the terms of the trust instrument. In some cases, consider terminating the trust early.
Articles about Trustee Duties
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.
As the trustee of a trust, it is your responsibility to identify the trust’s assets. To do so, you should have certain types of documentations on hand.
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.
Conflicts sometimes arise between beneficiaries and trustees during special needs trust administration. Fortunately, there are options for finding resolution.
Executors and trustees have two different roles that each has their own duties and responsibilities. These positions differ in several ways.
During the administration of an estate in California, assets may be divided between a trust and the decedent’s probate estate. Assets held in the trust will be overseen by the trustee appointed in that document.
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.