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.
Table of Contents Key Takeaways Can Beneficiaries Hold a Trustee Personally Liable? Common Reasons Trustees Face…
Table of Contents Understanding Trustee Misconduct What Constitutes Trustee Misconduct? Types of Trustee Misconduct Signs a…
As a successor trustee, your duties begin if the current trustee is mentally incompetent. It is important to act quickly to protect the trust assets.
Under certain circumstances, an attorney can serve as both the legal advisor and trustee of a California trust. However, the attorney must enter into both roles with a great deal of caution. If the attorney does not act fairly or follow the California trustee rules relating to compensation, he or she could be subject to litigation brought by a beneficiary.
What Do I Do If My California Trustee Won’t Give Me A Copy of the Trust? The Grossman Law Firm can help you find out your next move!
An important duty of a trustee is to identify the trust assets. Doing so is not always as easy as it may seem at first.