Is Separating and Identifying Trust Property Necessary? A Trustee must identify and keep trust property separate from the Trust.
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In order to obtain a surcharge from a dishonest or neglectful trustee, a beneficiary should consult with an attorney to file a claim.
When a trustee won’t distribute your inheritance to you, you may decide to file a petition with the probate court to compel a distribution.
Table of Contents Key Takeaways What California Law Requires from Trustees The Trustee’s Fiduciary Duty When…
As a trustee, you must perform your duties in accordance with a certain standard. Understanding this standard is crucial to avoiding liability.
Under California trust law, trustees have an obligation to fulfill certain duties. In 1995, California adopted its own version of the Uniform Prudent Investor Act, imposing a prudent investor rule. Learn more here.
Table of Contents Key Takeaways Understanding Beneficiary Rights to an Accounting When a Trustee Must Provide…
When a beneficiary objects to a trust accounting, the objection must be in good faith. If not, the beneficiary may face financial penalties.
As the beneficiary of a trust, you may be entitled to receive a distribution of trust property. You have certain legal rights with regard to this inheritance.
Table of Contents Key Takeaways Understanding Ownership in a Revocable Living Trust Roles of the Grantor,…