You have been named executor and want to serve as the executor of his estate and help settle his debts and distribute his assets according to the terms of his will, trusts, and other applicable estate documents. You should call an attorney to help you.
Articles about Trustee Duties
Trust funding is important because many of the benefits that are provided by using a trust are not accomplished unless the assets are actually moved into the trust before the creator passes away. This often means the trustee is responsible for funding the sub-trusts.
Getting a receipt for a disbursement is important to protect the personal representative or trustee proving that what was supposed to be was fulfilled. Here is more information about getting a receipt for a disbursement.
An attorney can help you to administer a trust correctly and save you a lot of time and energy making sure you follow California law. Contact us today if you have questions about serving as trustee.
While it may be tempting to skip over the appraisal when facing extensive tasks during a trust administration, it is important to have an appraisal when funding a sub-trust! Read more here!
Sometimes you must consider Arbitration for a Trust Dispute, know what that entails and what that means for your situation by talking with an estate planning attorney today.