Can a new Trust be created and assets transferred without telling the Trustee?
Once a Trust has assets titled in the name of the Trustee, that named Trustee becomes the legal owner of the assets. The beneficial owner of the assets is whoever is named as beneficiary. In the case of revocable trust
Nearly everyday I hear from a Trust or Will beneficiary that they have been threatened with the No-Contest clause by their Trustee or Executor. In today’s legal world, no-contest clauses are rarely enforceable. And yet, the threat is made. Learn what you have to fear, if anything, about your Trust or Will no-contest clause.
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The ever confusing Trust and Will no-contest clause is continually being used and abused in California Trust and Will lawsuits. The irony is that a beneficiary is rarely, if ever, disinherited under a no-contest clause any more because the law is favorably skewed to prevent forfeiture. In other words, no-contest clauses simply do
If you are a Trustee of a California Trust, you have a lot to learn about your duties and responsibilities. And the law assumes you know your duties. In this video we discuss how to learn about your duties as Trustee.
If you are the beneficiary of a California Trust, there are a few things you ought to know to help you understand and protect your rights as a Trust beneficiary. Here’s the Top 10 things you must know as a Trust beneficiary:
1. Know your Trust.
Read it and then read it again. If
In this video, Stewart R. Albertson describes some of the bases you can use to remove a Trustee from a California Trust. Not always an easy thing to do, but it can be made easier if you know the legal basis you need to reference for your Trustee’s removal.
It can be confusing, and a little worrisome, to be kept in the dark by your Trustee. Time to find out what’s going on. In this video, Keith Davidson discusses how to find out what your Trustee is up to.
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Bad Trustees can cause a great deal of harm to you and your Trust interests. Here is a video describing how to handle a bad trustee.
For our email subscribers, please click on the title link to watch this video on our blog.
In California, a Settlor can limit the liability of a Trustee by including Trust provisions that make the Trustee liable only in the event he acts recklessly or with gross negligence. That may not sound significant, but it can have a devastating result when a beneficiary is trying to hold a Trustee accountable for his
There’s Trusts that run smoothly, there’s Trusts that have a few problems, and then there’s Trust where everything is a fight from start to finish. Which Trust sounds most like yours?
the Trust, the assets are