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.
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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.
Table of Contents Key Takeaways Should a Trustee Treat Beneficiaries Equally? Why California Law Requires Impartiality...
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San Diego probate and trust administration lawyer Scott Grossman explains how to notify creditors under the California probate code and handle their claims.
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.
Can a Trustee Sell Trust Property Without Beneficiaries' Approval? Table of Contents Key Takeaways Can a...
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Table of Contents Key Takeaways What Is a Trustee in California? Core Fiduciary Duties of a…
How Long Does a Trustee Have to Distribute Assets? Table of Contents Key Takeaways Understanding the...
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Table of Contents Key Takeaways Trust Income Taxation Trust Tax Planning Strategies Tax Benefits of Using…
Table of Contents Key Takeaways How Property Passes at Death in California Why a Will Does…