A person or organization that has been given responsibility for managing someone else’s property or money through a Trust. There are different types of trusts, including Totten Trusts, Special Needs Trusts, Testamentary Trusts, Living Trust, and many others. The type of trust will determine the exact actions a Trustee must take in order to perform their job.
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.
If the trustee of a family member’s trust won’t give you any information, send a written request to them. The trustee is obligated to provide each beneficiary with information.
Notice is an important aspect of selling real estate during a probate administration. View here for more from a San Diego probate lawyer.
When administering a trust or estate, a CPA can carry out many important tasks. Many of these tasks involve the preparation and filing of tax returns.
If a beneficiary passes away before receiving an inheritance, there are many possibilities for what should happen next. Ask these five questions for guidance.
Often the question comes up, If my parents had a trust do I still need to do probate? Well the likely answer is no. The reason people create trusts is to avoid probate.
What is the Prudent Investor Rule, and how might it make a California trustee especially vulnerable to liability? Read more by The Grossman Law Firm.
Testamentary trusts are not created until your loved one dies. It is important to understand how these trusts differ from other trusts if you are a trustee.
Pour-Over Wills allows the owner to name only one beneficiary: the Living Trust. This can help make California estate administration easier.
My trustee won’t give me my inheritance. How can I get them to make a distribution to me? A trust litigation attorney explains how to best handle this situation.