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By: Scott Grossman on May 12th, 2017

Riverside Probate Attorney Warns About Common Trustee Mistakes!

As a non-professional California trustee, you will play a pivotal role in the lives of estate beneficiaries. Your role includes managing, investing, and ultimately transferring estate assets in their care. Most of all, the effect a trustee’s fiduciary duties may have on beneficiaries’ lives is, potentially, profound and affirming.

Along with the mentioned responsibilities, as a trustee you will be subject to intense scrutiny. You may often feel that your life is not your own. At our firm, we’ve seen many cases of disgruntled beneficiaries leveling charges at trustees, and sometimes those charges are grounded. If anyone is successful in pursuing legal action against you, it could mean hefty fines or even a criminal record.

 What are the most common trustee mistakes?

  1. Attempting to invest trust assets without the help of a professional financial advisor. While managing your assets could save you a few dollars. Keep in mind that whatever actions you take with these assets, are held to a professional standard by California law.
  2. Succumbing to pressure from the beneficiaries to immediately give them assets from the estate. If the beneficiary is being deceptive or even just mistaken, a short meeting with your attorney could save you months in court.

Are you a trustee who has run into serious problems in the course of the trust administration process? Are beneficiaries threatening to take you to court? Don’t wait any longer: talk to a San Diego probate attorney today. The Grossman Law Firm offers San Diego trust administration, trust litigation, will contests, and probate services. Call now for your free, 30-minute consultation with one of our attorneys at 888-443-6590. To reach us online, fill out the contact form above.

Be sure to ask for your FREE copy of Scott Grossman’s must-read guide for California trustees. Entitled: The Insider’s Guide to California Probate and Trust Administration.