Category: Trust & Estate Administration

When you create a Living Trust, you’re the one in control as the Trustee. But, if you become unable to manage it, a Successor Trustee (often a spouse or child) steps in, often with little to no experience. Imagine it as passing the reins of a family business to someone unfamiliar with...

When Beneficiaries Make Demands on Trust Management and Administration In California, trustees have a duty to ensure that trust beneficiaries are kept fully informed about the management and administration of the trust. This responsibility encompasses the provision of a detailed report on the trust’s assets and their use.

Trusts are essential financial tools that provide individuals with the means to manage and distribute their assets efficiently and according to their wishes. In California, trusts are commonly used for estate planning, asset protection, and charitable purposes. One of the central figures in a trust arrangement is the trustee. Understanding the role...