Errors documenting estate expenses in an executor’s accounting are fairly common. Following certain rules will help avoid these mistakes.
Read More
The role of a trustee in California is a weighty responsibility. In addition to managing the…
Probate attorney Scott Grossman explains what comes next after accounting has been demanded but nothing has been produced.
Attorney Scott Grossman discusses the last thing step before getting an order from the court. This is a report on waiver of account or a first and final account. This allows for the executor administrator and legal representative to be paid and of course for all the beneficiaries to get what they’re supposed to from the estate.
When administering a trust, you will encounter various expenses along the way. It is important to keep accurate records and receipts throughout the process.
When a trustee prepares a trust accounting, beneficiaries can contest the information contained. If the trustee reacts unreasonably, he may face penalties.
When petitioning the court for an oversight of a trust, you need to include certain information in your petition. Learn more here.
If the trustee of a family member’s trust won’t give you any information, send a written request to them. The trustee is obligated to provide each beneficiary with information.
During an estate administration, you may need appraisals for some or all of the estate property. It is important to know when an appraisal is necessary.
8 Ways Trustees Steal From Trusts. Can a trustee steal assets from an trust? The following is an overview of some of the more common methods.