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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How to Transfer the Trust Property? Involves legal and administrative steps, and usually, seeking guidance from a lawyer is advisable.
Learn when someone becomes a de facto trustee, whether they can receive trustee fees, and how beneficiaries can challenge unauthorized actions
Is Separating and Identifying Trust Property Necessary? A Trustee must identify and keep trust property separate from the Trust.
When a trustee won’t distribute your inheritance to you, you may decide to file a petition with the probate court to compel a distribution.
Table of Contents Key Takeaways What California Law Requires from Trustees The Trustee’s Fiduciary Duty When…
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.
In California, trust contests begin with a petition in probate court. Be sure to include key facts and file in a timely manner. Read on for more information.
As a trustee, you must perform your duties in accordance with a certain standard. Understanding this standard is crucial to avoiding liability.
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.