Completing an Inventory and Appraisal: The Mechanics
Personal representatives must complete an Inventory and Appraisal form as part of the probate process. The mechanics of the process require attention to detail.
Who Decides Who Serves as Successor Trustee?
When a trust is written, the settlor, or person creating the trust, chooses someone to serve as successor trustee. Often the settlor chooses several people who are named in order.
What is the difference between a California executor, administrator, and trustee?
For those who have never been involved in handling the affairs of a friend or loved one, the concept of what is involved in this process can be overwhelming. Often, individuals are not certain what it means to be appointed an executor, administrator, or trustee.
Trustee Theft: What evidence do I need to support my claim?
Under California trust law, trustees have a fiduciary duty to act in good faith with respect to the management of trust assets. When a trustee misappropriates funds from the trust for his or her own benefit or the benefit of another, he or she is committing theft.
What should I do if there is not enough cash in the San Diego probate estate to pay all of its debts?
If you are the executor or administrator of a California probate estate, part of your responsibilities include paying the valid debts of the estate.