Are there penalties when a trustee steals from the estate? The answer is yes, but you must act to stop the theft and stay within the statute of limitations!
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Trustees may be told to make distributions in their sole discretion. View this page for an overview of what this means from a California probate attorney.
In some cases, you may need to conduct both a probate administration and a trust administration. View here for more from a San Diego probate court attorney.
Five Differences Between an Executor vs. a Trustee in California. These two titles mean very different things and knowing the difference can help a lot!
Preparing an inventory is an important aspect of a California probate administration. View here for more from a San Diego probate court attorney.
Trust administration requires certain parties be given notice. This notice of trust administration is a requirement under California law and failure to provide notice can damage both trust and trustee.
Some people place real estate in an LLC when creating their estate plan. During the estate administration, certain actions must be taken.
As the trustee of a trust, your job is to carry out its administration. Exercising caution can help minimize the chances of trust litigation during the process.
While a will and a trust are both useful estate planning tools, they are not the same thing. During administration it is important to understand the difference.
Some beneficiaries assume their trustees obligations extend beyond the scope of what they actually cover. Just as it is important that trustees know their responsibilities, beneficiaries should also make an effort to understand what duties a trustee does not owe.