When most people think about administering a trust or estate, they immediately envision the settling of their loved one’s affairs after life ends. A trust administration does not always begin after a settlor dies, however. Many trusts provide a wonderful benefit to their creators by including provisions that allow a trustee to swiftly step in. They then can take over the settlor’s affairs in the event of mental incompetence or disability. If your loved one becomes incompetent, you may need to begin the trust administration process much sooner than you thought.
5 Ways for Determining the mental Incompetence of a Trust Settlor
Before the administration of a trust begins, there first must be a finding of mental imcompetence. The following are five common ways that this finding occurs:
- If there is no trust in place, you typically must pursue a guardianship proceeding with the probate court in order to have your loved one declared mentally incompetent.
- Most revocable trusts give the ability to determine mental competence to a co-trustee or a successor trustee.
- Often, the trust instrument will outline a definition for mental incompetence.
- The trust instrument may direct the co-trustee or successor trustee to rely on the opinion of licensed physicians.
- If the findings are challenged or questions exist, a judicial determination of incompetence may be sought.
If you find yourself in the position of having to make this important determination, we encourage you to review our article, “Demonstrating the Mental Incapacity of a California Trustee: 4 Steps,” for tips on what to do next. We also encourage you to learn more by finding and following us on Facebook today.
AttorneyThe Grossman Law Firm, APC · 525 B Street, Suite 1500, San Diego, CA 92101 · (951) 523-8307