An arrangement where property is given to someone to be held for the benefit of another person.
The answer to this question depends on several factors. In some cases, when a decedent had a living trust that owned all of his assets, it may be possible to conduct a trust administration that does not involve the probate court. In other cases, some assets may require a probate administration.
Maybe. In California, joint tenancy bank accounts are treated differently from joint tenancies in real estate.
What you can legally do and what you should do as a beneficiary are not necessarily the same thing. If you are the only beneficiary than a formal trust administration may not be the best solution.
Whether or not you have to do a probate of your late spouse’s estate will depend on how title to your spouse’s property was held.
If the trustee of a family member’s trust won’t give you any information, send a written request to them. The trustee is obligated to provide each beneficiary with information.
A San Diego trustee error could result in your inheritance being distributed to the wrong beneficiary. View here for five reasons this may happen.
When an executor is stealing from an estate, there is risk that the beneficiaries never receive their entitled property. Read more here.
A no-contest clause can prevent beneficiaries from challenging the provisions of a will or trust. Learn more about a no-contest clause in California
If your loved one died with no will available, their assets pass according to intestate law in California. View examples of assets not subject to intestacy.
When administering a trust or estate, a CPA can carry out many important tasks. Many of these tasks involve the preparation and filing of tax returns.