If you were named as successor trustee in a trust instrument, you may be feeling confused as to what your duties and obligations to provide notice. A trust document outlines several of the trustee requirements. However, a trustee must also observed all duties imposed by California trust laws. The obligation to provide notice to certain parties, is an example of a trustee’s duties. Fortunately, an experienced Riverside trust lawyer can help guide you through this process.
What are a Riverside trustee’s duties with regard to notice?
Below is an overview:
- Notice must be provided to anyone who has or may have an interest in the trust.
- Notice must be provided to all of the heirs at law of the deceased.
- The above notices must use the language specified under California law.
- These notices must advise the recipients that they have 120 days to contest the trust.
- Recipients must be notified that they are entitled to a copy of the trust.
- Notice must be sent to the county assessor for every parcel of real estate owned by the trust.
- Notice to the assessor must state whether the property is subject to reassessment for California real estate taxes.
- If the trust was already irrevocable, notice must be provided to all beneficiaries of the trust. Including any parties who may have a future interest in the trust.
- This notice must provide the name and address of the new trustee.
For more information about California trust laws and the obligations of a trustee. Please contact an experienced Riverside trust attorney for guidance. Call our toll free number today at (888) 443-6590.
AttorneyThe Grossman Law Firm, APC · 525 B Street, Suite 1500, San Diego, CA 92101 · (951) 523-8307