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Category: Trust administration

03
06 '20

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 term, such as “fiduciary relationship” or “fiduciary responsibility.” ...
10
10 '18

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 Calculating and paying the trustee’s final compensation Preparing a...
12
06 '17

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 that, if enforced, would penalize a beneficiary for filing a pleading...
16
11 '16

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 administration is complete. The key here is the...
02
11 '16

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 believe to be good...