Does a California Durable Financial Power of Attorney sufficient for non medical management of affairs?
Dawn's answer
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Answered on July 30, 2024
A financial power of attorney can vary depending on the powers the drafter has placed within the document. The power to deal with the IRS in the...
FOR LIMITED POA FILLING OUT 3 POWERS GIVENSAMPLES OF WORDING
Dawn's answer
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Answered on July 11, 2024
I would strongly encourage you to seek legal counsel prior to taking on this position. It is very important to know all the risks and potential...
In CA a trustee has a duty to make property productive if there is enough money in the estate, right?
Dawn's answer
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Answered on July 10, 2024
I would encourage you to consult with an attorney. In general to answer your question, you may file a petition with the court seeking damages if...
Can a trustee seek court approval of their accounting prior to beneficiary review?
Dawn's answer
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Answered on July 10, 2024
The Trustee may absolutely file a Petition for Accounting with the appropriate county's Superior Court without a requirement of providing the same...
Power of attorney?
Dawn's answer
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Answered on July 10, 2024
A POA is executed by the individual who is seeking to appoint an agent to act on their behalf. Although there is no requirement that a POA is...
How do I use a POA that was created on March of 2023? We just recently were told that there was an old POA created in 2011. ?
Dawn's answer
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Answered on July 09, 2024
Based on the limited information in your inquiry... The 2011 POA would be superseded by the 2023 POA provided the 2011 POA was not a special or...
Where to file demand for trust accounting?
Dawn's answer
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Answered on June 25, 2023
A trust is typically administered in the state where the Trustor last resides. Under the circumstances where someone has created a trust in one...
With a home that becomes trust property after death, who is responsible for utilities and maintenance until the home is sold?
Dawn's answer
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Answered on June 24, 2023
I am unclear as to your question "trustee is charging" a beneficiary. If one beneficiary is essentially advancing money to the trust in order to...
Where trustor, trustee, beneficiary are 1, 2 and 3, is a trust a 1-2-3 step transfer of real estate or a 1-2 own it for 3?
Dawn's answer
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Answered on June 24, 2023
The trustor is the creator of the trust and that will never change. The trustee is essentially the manager of the trust and thereby has the...
Do I need to include my trusts date of establishment when opening a bank account in the name of that trust?
Dawn's answer
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Answered on June 21, 2023
Your assets should be titled in concert with the name of the trust. The date of execution is used to further identify the trust and is used when...
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