The trustee is released and discharged from liability to the beneficiaries for all the actions disclosed by the accounting.
Stephen's answer
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Answered on January 17, 2023
It depends on how the "discharge" came about. For example there is law which speaks to situations where the trust document provides that...
My husband's brother is not performing his duties as Co executor on what is now irrevocable trust.
Stephen's answer
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Answered on January 17, 2023
By "co-executors" I assume you mean co-trustees? Also you mention the house your husband resides in is part of the trust. So why does the brother...
Should I change my company structure from a C-Corp to S-Corp?
Stephen's answer
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Answered on January 16, 2023
I think you should be consulting with a tax CPA rather than this forum
Sueing a property manager?
Stephen's answer
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Answered on January 14, 2023
Its the other way around. The agent is not necessarily liable acting as a proxy for the owner, the owner is liable if the agent commits breach of...
How can I transfer real estate into my name ? It was left to me in a trust.
Stephen's answer
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Answered on January 12, 2023
The successor trustee of the trust would sign the deed before a notary conveying title to you which would be recorded in the county recorders' office.
Four children inherited a house from a parent. The children will buy out the fourthchild and three children will keep the house.
Stephen's answer
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Answered on January 12, 2023
Based on the facts you have presented when they record a new deed there will be a "Change in Ownership" which likely will trigger a reassessment of...
Probate? (Irrevocable trusts)
Stephen's answer
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Answered on January 12, 2023
I assume for purposes here you have reason to believe you are a named beneficiary? If so, it seems to me if you haven't yet, all of your questions...
Finalizing a Trust
Stephen's answer
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Answered on January 11, 2023
My understanding is that a trustee has to account at least annually. You don't state when your grandmother passed away? Perhaps you have not yet...
When I sell a grow house, What kind of terms the buyer need to agree on the contract to protect me, I have disclosed all info.
Stephen's answer
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Answered on January 11, 2023
I would advise you if you haven't yet, that get a real estate agent involved to represent you. You don't state whether you have an agent? You may...
What is the rate of compensation in California for the trustee of a revocable living trust?
Stephen's answer
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Answered on January 09, 2023
The rate of compensation depends in part on whether it is an individual trustee who may be a family member or close friend. They are usually paid...
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