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How long can Successor Trustee in California hold on to real estate. rents, stocks, & bank accts before giving to beneficiaries?
Bert's answer
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Answered on January 22, 2010
A trustee is required to follow the terms of the trust document in regard to distributions of income or principal. Often a trust will provide that...
Archived
Prenup and living trust
Bert's answer
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Answered on January 21, 2010
Mr. Vaughn-Martel answered your last question, but not the first. Generally, a living trust is revocable and amendable during the life time of the...
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How can a beneficiary sue the successor trustee for mismagement of grantors funds
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Answered on January 21, 2010
You are certainly entitled to an annual accounting (Probate Code Section 16062). If you have not received one, you can petition the court to compel...
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We shared a business account, do I get to keep the money after probate?
Bert's answer
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Answered on January 19, 2010
As best I can tell from your question you were in business with the deceased and were living together as well. The deceased has a living trust...
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My bro set up a College Trust for his son. He is now destitute and on the street. Can the trust be broken so he can live?
Bert's answer
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Answered on January 18, 2010
I assume that the attorney's advice is based on the fact that the trust is funded and is irrevocable. If so, then the advice is, unfortunately,...
Estate received income after estate/probate closed. Do I have to reopen estate/probate ?
Bert's answer
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Answered on January 18, 2010
What do you mean by "closed?" Has an order been entered discharging the administrator/executor? If not, the estate may still be open so that you...
Are WA and CA trust laws for an estate the same?
Bert's answer
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Answered on January 15, 2010
Neither state "controls" the trust. The trustee is obliged to act in accordance with the terms of the trust. There is no court supervision. The...
My lawyer has just died, what happens to my case and all my information i gave her?
Bert's answer
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Answered on January 14, 2010
You should contact the lawyer's office. Her estate administrator will have to take possession of the law practice. Generally the practice is sold...
Archived
My mothers uncle pasted away 20 + yrs ago and had no will or kids. Can she take adverse possession of the house or probate
Bert's answer
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Answered on January 13, 2010
Adverse possession does not apply in this circumstance. There must be a probate court order vesting the property in the successor heirs. If the...
I am an only child and sole beneficiery to my parents trust and wills. I am also trustee. How do I terminate the trust now?
Bert's answer
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Answered on January 13, 2010
It all depends on the terms of the trust instrument. If the trust provides that upon the death of the last to die of your parents the assets are...
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