How to Administer a Trust after Someone Has Died | California Trusts Attorney
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- เผยแพร่เมื่อ 5 ก.ค. 2015
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Most believe that once they create a living trust and fund it with their assets, they are done and have nothing more to do. For the most part, this is true. The “decedent” or person that passed away has nothing more to do after creating and funding the trust. However, following their death, the person they have appointed as “trustee” (or person in charge of the trust) must “administer” the trust.
Arminé Bazikyan
15300 Ventura Boulevard, Suite 305
Sherman Oaks, CA 91403
armine@bazikyanlaw.com
www.bazikyanlaw.com
(818) 649-9110 Office
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What if the person designated to be Trustee, simply will not respond to our requests to take the Responsibility for being our Trustee? Our Trust says we can get someone else if they cease to act. How long should we give them to respond to our request to assume responsibility. Side note, the Designated Trustee isn't holding any of our deceased Parents Assets at this time either. The assets are still in our Parents name. The assets are supposed to be distributed to my sister and myself by the Trustee. Thanks.
I am Trustee for my late mother. My attorney is quit expensive, it appears I may have to finish things on my own.
I only have her car(paid for), her home ( which has become my sisters home) without a conflict, taxes and a portfolio to cash out.
Portfolio is almost done!
Have not transferred car ownership but I’m sure DMV can help me here.
Just need to get thru tax season.
Can I handle these last things as I cannot continue to pay attorney?
What happens if the beneficiaries are not notified when condition calls for trust payment upon last spousal death and beneficiaries have no copy of trust agreement or who wrote it? But was told a trust would be paid upon their deaths. How long does it take for corporate trustee to notify beneficiaries?
What happens if a trustee pays one part of the outstanding debt but refuses to pay off a truck because the wife and children have it ?
What’s a trustee ballot
Why was my question to see the law requiring my deed be registered for all to see and use and extort? Please show the law so i can understand better the requirements of myself an AMERICAN LAND OWNER consent under absolute threats of bodily harm to my family lives pay an unsubstantiated extorsion tax that they cannot explain? Show me ! Explain what does tenant in common mean on my deeds? Please answer the questions? by:F,,, A .B,,,, copyright,with prejudice
Thanks for the vid Ms.Bazikyan. My question (pertains to 02:50-02:51: "the trustee will hire an attorney")is as follows: How about when the trustee ALREADY IS an attorney? Just one step saved?
I am the Trustee of a smallish Rev. LVG Trust. All is in financial instruments. No property. No will. I don't know of any reason I would need an Atty. Is there one? Thanks.
In Indiana , father passed and trustee never sent me anything .. trustee was my father's girlfriends young son .. was also a case of fraud of conceal , irrevocable living trust that was sent to me , was never filed via a lawyer and goes against all my father's wishes . Leaving his estate to solely her .. All these changed were done 2 months b4 he passed and was very ill . How is this legal to not go through probate !
Hi, I realize that this is just information only and it is helpful. If I may ask, as a trustee myself, what on or where on a living trust dose it say whether or not it is funded? I understand if you are reluctant to answer. Thx.
What are the LEGAL responsibilities of the Trustee? related to paying bills on a home left in a will?
as a beneficiary of a share of a trust it says "trustee shall pay the entire net income in monthly or convenient installments agreed upon by me and trustee.."
but for principle it says ""trustee shall promptly pay the entire principle outright and free of trust"
does this mean that the whole share will have to be paid as soon as possible and if so why would there be any mention of monthly payments for net income if the whole principle was paid? if the whole principle was paid to me how could there be any net income that would paid monthly? it doesn't make sense to me.
Do I as the successor Trustee need to hire an attorney to administer the terms of the Trust?
Thanks for the great information! Im my parents trustee in their living trust. Im to sell their home and distribute between my siblings. Do I need anything else by parents to make this happen after they pass?
Look at a beneficiary deed which gives the kids the house. Just an idea. I did that for my kids. Costs $80.
start 1:23
Does the husband of another beneficiary have any business selling an inherited house? He's also a douchebag I don't want mucking around in my share of the estate. My brother who is trustee was previously listing himself as the seller, now iits my stupid brother in law. I want a realtor to handle it. I DO NOT TRUST THEM!
Dodgy business, Trusts, in my experience. All this secrecy and legal entanglements. Money 'for the boys'. Too much secrecy around beneficiaries opens up to theft and corruption by Trustees. Lady presenting seems lovley but my experience with professional executors has been harrowing.