How does it work in a family buy out of property left to them?

We need more information. You say that 4 of you own the condo, but you also indicate you are executor of the estate. Is the condo in the siblings'...

How are his assets divided?

I'm sorry for your loss. Here are the basic rules on distribution: 1. All assets that were held jointly with another person (joint bank...

I'm the administrator of my brother's estate, only asset is a house in San Francisco that is insolvent. How do I resign?

If you are the court-ordered administrator with an open probate proceeding, you will need to petition the court for an order terminating the...

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Is an accounting of the trust required by law?

Yes, an accounting will be required. The new successor trustee must file the next accounting at least annually, or on their resignation, or on the...

Trust accounting question

You are both right. In the absence of a trust provision providing for more (or less) frequent accountings, a trustee must account (1) annually;...

Do you need to hire an attorney to get a divorce in CA, if you both agree on all terms?

If the matter is not complicated and the two parties agree on all terms, you can get a divorce ("dissolution of marriage") without an attorney. ...

What percentage can I keep as payment for being trustee?

Unless wavied by settlor, or specifically established by settlor, successor trustee's have a right to ‘reasonable compensation’. What is...

How do I end my job as trustee if there is a person who is fighting?

1. Unless the trust provides otherwise, and assuming the proper notices have been given, a beneficairy has 120 days to contest an accounting. If...

1. A trust automatically terminates if it is de-funded. When all property was sold or removed from Trust #1 it terminated by operation of law. ...

Unless wavied by settlor, or specifically established by settlor, successor trustee's have a right to ‘reasonable compensation’. What is...