6 Responsibilities You Have If You Are Administering a Crummey Trust
What responsibilities does a trustee have when administering a Crummey Trust? And what makes a Crummey trust different from other trusts?
Trustee requirement under Probate Code 16061.7
Under probate code when a trust or a portion of a trust becomes irrevocable, the Trustee has a legal obligation to send notice. Find out more here.
Trustee of a California Trust? Eight Potential Tax Issues to Be Wary of
Unfortunately, it is no different for the trustee or executor who must oversee the payment of estate, income, and other tax issues.
As a trustee, am I legally responsible if something goes wrong with the trust administration?
Yes, as a trustee it is possible that you could be legally responsible if something goes wrong with the trust administration.
Pros and Cons of Compensating a Trustee-Beneficiary
The fees paid to a Trustee-Beneficiary have many implications for the trust and the relationships and understanding of beneficiaries.