Table of Contents Key Takeaways What Does It Mean for a Beneficiary to Be Disqualified? Who…
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An important duty of a trustee is to identify the trust assets. Doing so is not always as easy as it may seem at first.
During a probate administration the personal representative must file an inventory. An inventory can be partial, supplemental, final, or corrected.
Under certain circumstances, an attorney can serve as both the legal advisor and trustee of a California trust. However, the attorney must enter into both roles with a great deal of caution. If the attorney does not act fairly or follow the California trustee rules relating to compensation, he or she could be subject to litigation brought by a beneficiary.
When a parent dies, families often assume the estate will be handled fairly and according to…