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Blog: Trust Administration

Updated: 10.12.2023
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California Prudent Investor Rule for Trustees in Litigation

The California Prudent Investor Rule is a critical legal standard that governs the conduct of trustees in managing trust assets. This rule, which is...
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Updated: 04.18.2023
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Will vs. Trust in California: What to Choose in 2022

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...
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Updated: 10.27.2020
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What Does Fiduciary Duty Mean?

Anyone involved in a trust or estate administration or dispute will invariably encounter the term “fiduciary duty,” or a variant of the...
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Updated: 10.28.2020
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Probate Code 16004.5: Release of Trustee’s Liability

The last steps in a  trust administration  include: Filing the final income tax return Obtaining an estate tax closing letter from the IRS...
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Updated: 10.28.2020
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The Limited Effectiveness of “No Contest” Clauses in California Trust & Estate Litigation

A “no contest clause,” according to California Probate Code section 21310(c), is “a provision in an otherwise valid instrument...
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Updated: 10.28.2020
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A Trustee’s Reasonable Reserve

In a trust administration, a “reserve” is money the trustee retains for a period of time after the trustee believes the trust...
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Updated: 12.24.2020
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Millennials – Saving by the Numbers

Almost half of all Americans under the age of 30 do not save for retirement. Further, there appears to be a disparity between what many millennials...
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Updated: 04.27.2021
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Baby Boomers – By the Numbers, Retirement Looks Bleak

Many baby boomers-the 76 million Americans born between 1946 and 1964-have retired or are heading toward retirement, with roughly 10,000 retiring...
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Updated: 01.11.2024
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Avoiding Trust Litigation-the Benefits of a Trust Accounting

Many estate and trust litigation cases could be avoided if non-professional trustees understood the benefits of preparing a trust accounting. The...
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Updated: 10.12.2023
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Guidance to Trustees: How to Distribute Trust Assets to Beneficiaries in California?

Many people mistakenly believe that the transfer of trust assets is simple and automatic. This misconception often results in disappointment when...
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