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.
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Errors documenting estate expenses in an executor’s accounting are fairly common. Following certain rules will help avoid these mistakes.
What Makes a Handwritten Will Valid? Did your late loved one live in California and leave...
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San Diego trust lawyers at Grossman Law reveal a powerful tool trustees can use to cut back and eventually halt creditor’s claims against the trust.
For those beneficiaries and heirs unfamiliar with the California estate administration process, it is not always clear whether the executor or trustee is acting properly and in accordance with state law.
Probate is the legal administrative process through which property from the estate of the deceased is transferred from the name of the deceased into the name of the inheritor. It is a court ordered transfer of property.
For a California trustee, the process of invoking the creditors claim procedure in trust administration works as follows: A notice to creditors on the decedent’s behalf is published to a local newspaper.
Each co-trustee has the right to hire their own attorney. The California Probate Code (which is the law that governs trusts) provides each trustee, or co-trustee, to hire their own lawyer. The other co-trustee has no right or ability to stop his fellow co-trustee from hiring his or her own probate lawyer.
A will is a legal document which is also called a Last Will and Testament. It communicates a person’s final wishes, including what happens to their belongings and specifies beneficiaries of their estate.
The fears of holding on to residential real estate in CA is well justified. Keep on reading to learn more about how to go about selling a home in probate.