Blog: Trust Administration

When someone places their faith in a trustee to manage trust assets, they expect diligent care and responsible management. But what happens when that...

When it comes to estate planning, understanding the differences between trust and probate administration is essential. Probate is the legal process...

The California Prudent Investor Rule is a critical legal standard that governs the conduct of trustees in managing trust assets. This rule, which is...

How do you compare a living trust vs. a will in California? Wills and trusts both allow you to dispose of your property to beneficiaries. Beyond...

Anyone involved in a trust or estate administration or dispute will invariably encounter the term “fiduciary duty,” or a variant of the...

The last steps in a  trust administration  include: Filing the final income tax return Obtaining an estate tax closing letter from the IRS...

A “no contest clause“, according to California Probate Code section 21310(c), is “a provision in an otherwise valid instrument...

In a trust administration, a “reserve” is money the trustee retains for a period of time after the trustee believes the trust...

Many baby boomers-the 76 million Americans born between 1946 and 1964-have retired or are heading toward retirement, with roughly 10,000 retiring...

Many estate and trust litigation cases could be avoided if non-professional trustees understood the benefits of preparing a trust accounting. The...