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Put Your Trust In Good Hands

Many people mistakenly believe that setting up a living trust eliminates the cost and responsibilities of administering a trust. This is not correct. If you are a trustee, there are many duties to which you must direct your attention. Not only does the trust require attention as soon as the settlor has passed away, but there are many continuing responsibilities throughout the time that the trust is in being administered. Handling a trust on your own can be exceedingly complex, and it is important that you obtain the guidance and support of our skilled Fremont estate planning lawyers at Rodriguez Lagorio, LLP.

What Are The Responsibilities Of A Trustee In California?

Under California law, the trustee has what is known as a “fiduciary duty” to the trust beneficiaries and must make certain that the trust is properly administered according to its terms. According to the law, a fiduciary duty is the highest recognized duty and failure to comply with this duty could result in legal action.

A trustee is responsible for the proper management of the trust, including disbursing assets to beneficiaries or investing trust assets. Other responsibilities include but are not limited to notifying beneficiaries according to California law, preparing an inventory of all assets held by the trust and preparing annual accountings which reflect how the trust has been managed.

These and other regulations that are imposed on trust administration make overseeing a trust quite challenging. Most trustees require the assistance of an experienced California estate planning attorney.

Avoid The Pitfalls Of Trust Administration; Call To Speak With An Attorney

Take a proactive approach to manage the trust and obtain the tools and resources needed to effectively manage the various aspects of the trust. Whether the trust you are responsible for overseeing is small or substantial, our attorneys can assist you.

Send an email to initiate a consultation or call our firm in Fremont at 925-750-8757. Trust administration is a serious responsibility. We will provide you with the information and legal advice you need to be able to oversee a trust to the best of your ability.