Obtaining Additional Compensation for Your Trustee Duties
If a trust dictates the amount of trustee compensation, that amount generally is what is used. In some cases, you may be entitled to more, however.
Trustees Must Keep Accurate Trust Records During Administration
When administering a trust, you will encounter various expenses along the way. It is important to keep accurate records and receipts throughout the process.
Trust Contest: What form do I fill out to file?
None. There is no form to fill out to file a trust contest. Trust contests, and will contests, require a petition to be filed with the probate court.
What if the Trust you are set to benefit from is the subject of Trust Mismanagement?
If a trustee has mismanaged assets or property, which caused a significant loss of value, the first thing you want to do is determine how the estate was mismanaged.
Failing to File Tax Returns
Failing to file the required tax returns may constitute a California breach of trust under state law. Trustees typically have a duty to file tax returns and pay any taxes that are due.