
Minors who have a guardian during an estate administration may at some point no longer need it. Certain individuals can request the end of the guardianship.
A person or organization that has been given responsibility for managing someone else’s property or money through a Trust. There are different types of trusts, including Totten Trusts, Special Needs Trusts, Testamentary Trusts, Living Trust, and many others. The type of trust will determine the exact actions a Trustee must take in order to perform their job.
Minors who have a guardian during an estate administration may at some point no longer need it. Certain individuals can request the end of the guardianship.
According to California Probate law, executors, administrators, guardians, conservators, and trustees are considered a fiduciary having a standard of care.
Responsibilities during an estate administration are divided between an executor and a trustee. Click here for more info on executor vs. trustee.
Trustees face potential liability for any wrongdoing. For this reason, it is crucial for trustees to understand the standard of proof against them.
When you administer an estate, you must handle the estate’s assets. There are several possible ways of handling real estate that was owned by a decedent.