Category: Trust Litigation
Are you in the midst of appointing a trustee? If so, you’ve likely considered hiring an institution to administer your trust assets. These corporate trustees are known for using fee schedules to manage their payments, as opposed to private and
Changes in life may also require changes to trusts. For example, when couples marry or divorce, they may wish to change their distributions so that their spouse or ex-spouse is or is not a beneficiary. Making changes to a trust
Has your trustee neglected their accounting duties, or simply refuses to carry them out? If so, don’t panic – there’s a set legal process for retrieving accounting for your trust, as well as if your trustee has improperly taken what
There are a number of disappointing scenarios which require a trust litigation attorney: Maybe your trustee has been lazy in administering the trust; the trust might be ambiguous or have certain errors; ownership of property may not be clear; assets
New changes to gift and estate taxes are going into effect in 2022, boosting the official estate and gift tax exemption to $12.06 million per person for deaths throughout the year. This is up from the $11.7 million tax exemption
Passing away without a will and trust has several potential outcomes, often varying by state. These laws can get awfully complex – especially in California. Ensure that your assets are distributed according to your own judgment rather than a default
Stepping in as a trustee may be an emotionally draining transition, as well as a confusing. Taking over management of a living trust is often abrupt, throwing a new trustees into a role without the necessary knowledge. Living trusts, or
The estate planning process involves making a lot of thoughtful decisions, especially when there are multiple children in blended families who are to inherit. Unfortunately, even the best laid plans result in post-death disputes. From our experience, this is likely
As a trustee, you are obligated to provide beneficiaries with accurate trust accounts under California Probate Code 16062. Remember that you are working for the beneficiaries, who are likely grieving the loss of a loved one, or may not know
Trustees are responsible for assets left behind and what happens to them. Trustees put time and consideration into the handling of the trust and should be compensated fairly. It can be, however, a pain point for the beneficiaries who do