If a trust is being administered in California, then the trustee has a duty to administer the trust according to the terms of the trust.
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Trustees of California trusts must be very careful to abide by the law and not favor any one beneficiary over another. If one beneficiary benefits to the detriment of another, the trust administration becomes ripe for litigation.
Under California trust law, trustees have an obligation to fulfill certain duties. In 1995, California adopted its own version of the Uniform Prudent Investor Act, imposing a prudent investor rule. Learn more here.
When a beneficiary objects to a trust accounting, the objection must be in good faith. If not, the beneficiary may face financial penalties.
Table of Contents Key Takeaways Understanding the Trustee's Duty Common Ways Trustees Violate the Trust Legal...
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If there are disputes over the amount of time it is taking for the Orange County probate, the court may be involved. Our team discusses six possible outcomes.
As a successor trustee, your duties begin if the current trustee is mentally incompetent. It is important to act quickly to protect the trust assets.
Table of Contents Key Takeaways Should a Trustee Treat Beneficiaries Equally? Why California Law Requires Impartiality...
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Contingency fee agreements in California probate litigation and trust litigation cases
During the administration of an estate in California, assets may be divided between a trust and the decedent’s probate estate. Assets held in the trust will be overseen by the trustee appointed in that document.