A beneficiary is a person, business, institution, trustee, or an estate that receives benefits under a will.
Certain beneficiaries may be ineligible to receive estate assets under California probate law. View here for more from a San Diego trust litigation attorney.
As part of the estate planning process, you or a loved one may have chosen to include a no-contest clause in the will or living trust.
Not all of a decedent’s assets will go through the California probate process. If the deceased had no titled or significant assets to his or her name, then the probate process may not even be necessary.
Administering a trust that is the beneficiary of an IRA is not easy. Make sure you understand your role and get help if you need it.
The trustee of a trust has a fiduciary duty to act in the best interests of the estate and beneficiaries. As a result, the trust cannot intentionally harm the estate or the beneficiaries. Clearly, if the trustee is stealing from the estate, he or she is breaching fiduciary duty.