What does it mean for a trustee to manage trust property productively in California? Learn what the law requires and what beneficiaries can do if duties are breached.
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.
What does it mean for a trustee to manage trust property productively in California? Learn what the law requires and what beneficiaries can do if duties are breached.
Can a trustee delegate tasks? A trustee cannot escape liability by transferring the trustee’s office to another person.
Can you sue a family member for breach of fiduciary duty in CA? Yes, learn the duties they must follow and when you can take action.
A trustee can purchase trust property. It is a complex transaction that requires careful adherence to the trust, local laws & fiduciary duty.
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.