Trust Administration Archives | Legacy Lawyers

Trust Administration

siblings contesting a trust

Tip to Avoid Siblings Contesting a Trust

By legacy.lawyers / February 10, 2023 / 0 Comments

Losing a loved one is one of life’s biggest challenges. This challenge can be made even more difficult when it brings about family discord. Unfortunately, finances and assets can cause family members to lean into rivalries and resentment when they feel they’ve been treated unfairly. This typically plays out in the form of a trust […]

Read More
types of trusts

What Are the Different Types of Trusts?

By legacy.lawyers / January 30, 2023 / 0 Comments

It is important to create an estate plan to assure that your assets will be managed the way you want them to be, both during your lifetime and once you have passed. The most common end-of-life preparation is the will. However, wills can be contested and typically go through probate. Another way that people can […]

Read More
how long does a trustee have to distribute assets

How Long Does a Trustee Have to Distribute Assets?

By legacy.lawyers / January 16, 2023 / 0 Comments

Are you a beneficiary expecting to receive an asset distribution? Are you wondering how long you can expect it to take the trustee to administer distributions? Or are you a trustee tasked with distributing trust assets? This article will serve to provide you with valuable information. Let’s look at a trustee’s role, the distribution of […]

Read More
trust vs will in california

Trusts vs. Wills in California: The Key Differences

By legacy.lawyers / December 22, 2022 / 0 Comments

If you are considering creating your estate plan to achieve peace of mind for you and your loved ones, you may wonder about the key difference between a trust and a will. When individuals consider setting up their estate plan, they most often plan for their eventual passing. Both will and trust documents help plan […]

Read More
trusts for children

Should You Set Up Trusts for Your Children?

By legacy.lawyers / December 15, 2022 / 0 Comments

If you are wondering, “Should I set up a trust for my children?” the answer is yes! There are several benefits to creating a trust for children, whether they are minor children, children with special needs, or adult children. However, it is crucial to ensure you establish your trust document correctly. Otherwise, the provisions in […]

Read More
duties of a conservator

The Duties of a Conservator

By legacy.lawyers / November 29, 2022 / 0 Comments

Are you seeking information about conservatorships to avoid liability? Or are you concerned that abuse is taking place by a current guardian? In either case, it is essential to understand conservatorship and the duties and powers of conservators. A conservator may be a family member caring for a loved one who cannot care for themselves. […]

Read More
what is a trust settlor

What is a Trust Settlor?

By legacy.lawyers / November 15, 2022 / 0 Comments

Are you considering establishing a trust to protect your assets and have peace of mind? If so, you may be wondering about some of the terminologies of estate planning. There are a lot of terms you may need to familiarize yourself with when it comes to trusts. We recognize that most people don’t read law […]

Read More
selling property during probate

Steps to Selling Property During Probate

By legacy.lawyers / October 28, 2022 / 0 Comments

If you have been appointed as the personal representative of a loved one’s probate estate, you may be faced with selling a house in probate. California law has specific requirements for how property is sold during the probate process, how much it is sold for, and the timeline during which it is sold. It is […]

Read More
do co trustees have to act jointly

Do Co-Trustees Have to Act Jointly?

By legacy.lawyers / October 14, 2022 / 0 Comments

Whether you are establishing a trust document and considering who to name as your trustee(s) or a co-trustee of a trust, you may be wondering: “Do co-trustees have to act jointly, or can a co-trustee act alone?” This is a great question. We will explore the answer from both perspectives as we examine what authority […]

Read More
can a trustee remove a beneficiary from a trust

Can a Trustee Remove a Beneficiary from a Trust?

By legacy.lawyers / September 26, 2022 / 0 Comments

Trust documents are an important part of estate planning, created to protect assets and avoid probate, in turn providing individuals with protection and peace of mind. Unfortunately, in some cases, conflicts can arise between trustees and beneficiaries. Whether you are a trustee wondering if you can remove a beneficiary from a trust, or a beneficiary […]

Read More