Entering the world of Wills, Trusts and probate can be confusing. One of the first questions people often ask is: what is the difference between a Trustee and an Executor? To put it simply, a Trustee is the person who oversees a Trust, while an Executor is the person who oversees a Will, which often
"California Wills and Trusts."
Can Trustees Charge for an Accounting?
California Trustees can charge reasonable fees for their services. The amount considered reasonable varies depending on the circumstances. Professional fiduciaries typically charge a certain percentage of the total value of the Trust assets (usually around 1%), while layperson Trustees (such as family members) often charge by the hour (typically around $30-$80).
Trustees’ fees also depend…
Trustees: Your Breaches Are Showing–Why Do So Many Individual Trustees Get It Wrong?
Posted in Trustee Breach of Trust
It is shocking to me how many Trustees violate their fiduciary duties. Under California Probate Code Section 16000 et seq. there are voluminous sections on all the duties, responsibilities, and liabilities Trustees must comply with to property administrate a Trust. There are rules on just about every action a Trustee must take, and on actions the…