Table of Contents Key Takeaways What California Law Requires from Trustees The Trustee’s Fiduciary Duty When…
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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.
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.
Table of Contents Key Takeaways Understanding Beneficiary Rights to an Accounting When a Trustee Must Provide…
When a beneficiary objects to a trust accounting, the objection must be in good faith. If not, the beneficiary may face financial penalties.
As the beneficiary of a trust, you may be entitled to receive a distribution of trust property. You have certain legal rights with regard to this inheritance.
Table of Contents Key Takeaways Understanding Ownership in a Revocable Living Trust Roles of the Grantor,…
If you haven’t received a copy of the trust document, other issues may be delaying your...
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