In most cases, a Trustee can be changed after a California Trust becomes irrevocable. How you go about making that change varies depending on your Trust document and your circumstances. For starters, look at your Trust document. Most Trust documents provide a method for changing the Trustee. Some Trusts allow the Trust beneficiaries to make […]
Yes. A trustee can also be a beneficiary of a discretionary trust even though trustees and trust beneficiaries have different roles in a trust. The Trustee is the Trust manager, they manage the Trust assets and are referred to as the legal owner of the Trust property. Beneficiaries received all of the benefits from the […]
Trustees and executors share some similarities. They are both fiduciaries. A fiduciary is someone who is put in charge of someone else’s money. A Trustee is a fiduciary over a Trust, and an Executor is a fiduciary over a probate estate. The Role of a Trustee in California The role of a trustee may be […]
If your Trust requires a distribution to you, and you’re not receiving it, you may be wondering “how long will this take?” Unfortunately, there are times when a Trust distribution takes much longer than it should to be made. Timeliness is Important As with all things involving a Trustee’s actions, Trust distributions are required to […]
Albertson & Davidson, LLP, a California estate litigation law firm, is pleased to announce the publication of “Your Lawsuit: Understanding the Scrapes, Scratches and Indignities of the California Litigation Process From Start to Finish.” The book, written by attorneys Keith A. Davidson and Stewart R. Albertson, is a comprehensive guide intended to help the general […]
Trustee compensation can be a tricky issue. Most Trust documents do not specify an amount for Trustee compensation. And even the California Probate Code states that Trustee compensation must be “reasonable” (see Section 15681), but what is reasonable? First, let’s consider situations where a Trustee is not entitled to compensation at all because that may […]
We’ve addressed the issue of Trust and Will no-contest clauses several times in our blog posts and videos in the past, but we think it’s an important issue to keep people aware of what the legislation is in California pertaining to no-contest clauses. A no-contest clause is generally included in a Trust, Will, or both, […]
For Fifth Consecutive Year, California Law Firm Supports Students The attorneys at Albertson & Davidson, LLP understand the financial burden associated with attaining a college education and believe in creative approaches to solving issues. The law firm is pleased to sponsor our 2019 Infographic Scholarship Contest to help students with college expenses. By offering the […]
What options do you have when one of your siblings is isolating one, or both, of your parents? Well, you have two options. The first option is to file for conservatorship. And the second option is to do nothing. And, sometimes, that second option is the best option to take. Filing a Conservatorship Petition Let’s […]
We want to talk to you about a fantastic device that we’re starting to use in our cases called the Informal Discovery Conference. We call these IDCs for short. What is an Informal Discovery Conference? It’s an informal meeting with the judge to resolve a discovery dispute. Discovery disputes arise where a party either refuses […]
