trustee succession Trusts play a crucial role in estate planning, ensuring the seamless transfer of assets and the fulfillment of the settlor’s wishes. One critical aspect of managing a trust is the appointment of a successor trustee, who steps in when the initial trustee is unable or unwilling to continue
Category: Trust Administration
“not honesty alone but, the punctilio of an honor the most sensitive, is…the standard of behavior.” – Benjamin Cardozo General Powers of Trustee Duty to Report Duty to Keep Trust Property Separate Duty to Account Duty of Loyalty Duty to Avoid Conflicts of Interest Duty to Preserve Trust Property Duty
TRUST CONTESTS Trust contests are legal actions brought by heirs, beneficiaries, or other interested parties who seek to challenge the validity of a trust. In California, trust contests are governed by the Probate Code, which sets out the rules and procedures for bringing a trust contest. There are several grounds
what is a heggstad petition? A Heggstad petition, also known as an 850 petition, is a legal tool used in California to transfer assets into a trust that were not previously included in the trust. The petition is named after the case In re Heggstad, which was decided by the