A trustee can purchase trust property. It is a complex transaction that requires careful adherence to the trust, local laws & fiduciary duty.
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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.
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…
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.
A trustee can be temporarily suspended during the trial to have the trustee removed. Find out why you may want to consider filing a petition to do this.
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.