Tag: Trustee
If you have discovered you are a trust beneficiary, it is normal to feel anxious to receive your distribution and exceedingly frustrated when a trustee seemingly drags their feet. In some circumstances, trustees have every right to refuse distributions. In
A trustor designating a trustee signals a great deal of confidence in their integrity and abilities. However, trustees can prove to be unfit, which is when pursuing removal is critical. Ultimately, this legal process can be complicated, lengthy, and costly.
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
The probate court process can be tricky to understand, especially without the guidance of an experienced probate attorney. One of the most confusing factors is the difference between probate and non-probate property, and how both types of assets are distributed
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
The probate process was established in order to prove the validity of wills and other estate documents, as well as distribute a person’s assets after death if they do not have a trust. California’s Probate Code guides the process of
A Last Will and Testament may be one of the most important documents created to preserve your goals after death. Without one, your preferences of how your money, property and personal items are given away will be ignored. Instead, your
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