When a person dies, a life insurance policy may be a significant asset that is part of the estate. Locating the policy may be difficult.
During a trust administration, a professional trustee may serve alongside a loved one of the decedent. Reasonable compensation is not always obvious.
If a trust dictates the amount of trustee compensation, that amount generally is what is used. In some cases, you may be entitled to more, however.
When administering a trust, you will encounter various expenses along the way. It is important to keep accurate records and receipts throughout the process.
The law for California will contests, probate litigation, and trust litigation is mostly found in the California Probate Code.