What Every Trustee Should Know About Administering a Special Needs Trust
Special needs trusts require careful administration by trustees. Here, learn some basic tips to help with the administration process.
Articles about Administer a Trust
How to Go About Finding the Right Trust Administration Attorney
During a trust administration, it is important to seek guidance from an experienced attorney. There are resources available to help you find the right person.
How to deal with real property that is outside of trust when a person passes away?
If real property does not exceed $50,000 gross (not very typical in California, except in the case of timeshares), then the property need not go through a full formal probate. Instead, a simplified Affidavit Procedure is available to the personal representative of the estate. Under this procedure, the personal representative must wait 6 months from the date of death and then file an “Affidavit Regarding Real Property of Small Value” with the clerk of the superior court in order to transfer the property to the trustee of the trust. Using this procedure, the value of the decedent’s personal property does not matter.
Trustees Are Responsible for Depositing Trust Checks During Administration
When a trust receives a check, the trustee is responsible for depositing it. Also, the trustee must make sure it is handled properly and keep accurate records.
How to Distribute Personal Property
Jim Roberts has significant experience in estate planning, tax planning, estate administration and elder law. Jims extensive knowledge allows him to properly g
Need to Open a Trust Bank Account? Consider These Tips.
If you have been named successor trustee of a trust, you may need to open a bank account. Choosing the right bank can make your job easier.