Being a trustee for a loved one’s estate is a very important job with serious responsibility. The role of trustee is an essential element of successful trust administration. The trustee is responsible for guaranteeing that the provisions of the trust document are followed. A trustee is ultimately responsible for managing the trust property and keeping [ ] The post Trust Administration: Quick Tips for Trustees appeared first on Northern California Center for Estate Planning and Elder Law.
As a trustee, you may be required to distribute real property from a trust to a named beneficiary. These types of distributions often come with unique issues requiring certain considerations be made before that real property is actually distributed. We are here to discuss how a trustee should handle real property properly. What do the [ ] The post Trust Attorney Explains How to Manage Real Property appeared first on Northern California Center for Estate Planning and Elder Law.
Trusts are great estate planning tools meant to protect your legacy for your family. However, not all trusts operate the same way, just as there are different types of trusts for different types of beneficiaries. Let our Sacramento trust attorneys explain some of the important considerations regarding trusts for children. Trusts for Children: The Basics [ ] The post Sacramento Trust Attorneys Discuss Trusts for Children appeared first on Northern California Center for Estate Planning and Elder Law.
For Sacramento residents who have special needs or a loved one who does, a special needs trust can be an important part of their special needs planning
There are situations where the trust agreement may be challenged. In those cases, having the assistance of trust administration attorneys can be helpful.
There are many advantages to using a trust as part of your estate plan. Trusts are very useful because they can provide a means for avoiding probate. Depending on the type of trust you choose, they can provide asset protection, as well. There is a special type of irrevocable trust, the beneficiary defective irrevocable trust, which could provide special advantages to your beneficiary. Lets look at what they are and how they work.
The important role of a trustee is crucial to the successful administration of a trust. A trustee is “trusted” individual who is responsible for making sure the provisions of the trust agreement are followed. Trustees are basically responsible for management of the trust property, including maintaining accurate records of every transaction taken that relates to [ ] The post Trust Administration Attorneys Can Handle Administration Issues appeared first on Northern California Center for Estate Planning and Elder Law.