Many individuals serving as the trustee of a trust are doing so for the very first time. The deceased likely appointed a family member or trusted friend to serve as the trustee, not somebody who has experience administering estates. If you are a trustee and uncertain what actions to take, let us help. In California, trustees have a type of protection from beneficiary complaints called a “Notice of Proposed Action.” If you are worried about how the beneficiaries will react to an action (or inaction), you can serve a Notice to all required individuals providing them with information regarding your intentions. Examples of actions where a trustee may consider using a Notice of Proposed Action include:

  • Placing a mortgage on real estate
  • Selling real property
  • Executing a waiver or disclaimer on behalf of the decedent’s estate
  • Selling or other significant changes to the decedent’s business
  • Conveying property pursuant to a contract signed by the decedent will living
  • Distribution of any trust assets after the period for filing creditor’s claims has ended

If you have been appointed to administer a trust, you don’t have to go through this alone. We will do most of the “heavy lifting” and maintain an open line of communication throughout the entire process. Are you ready to enter the fee agreement? Call The Legacy Lawyers today if you have any questions: (714) 963-7543.