A properly drafted and funded Trust will generally avoid a Probate. In California, Trusts are private documents, except in those instances where they are brought under the jurisdiction of the Court. When the original Trustee becomes incapacitated or dies, the Successor Trustee is not required to deposit the Trust with the Court for safe-keeping, as one would with a Will. The Trust need not be recorded with the County Recorder, nor does it need to be filed with the probate court, unless litigation is initiated.
When the creator of a Trust, called a Grantor, Settlor, Trustor or Trustee, becomes incapacitated or dies, the Successor Trustee has certain duties and obligations. Necessary and required steps must be taken by a Successor Trustee to properly administer the Trust. These obligations must be handled expertly in order to prevent unnecessary financial loss and to protect the beneficiaries.
Steps Involved in Trust Administration
At our Torrance, California, law firm, we can offer guidance and assistance to the Successor Trustee in administering the Trust in compliance with California law. The issues faced by a Trustee and/or Successor Trustee can be complex, and the failure to handle them appropriately may result in costly litigation. The best way to avoid problems and court involvement is to consult with us.
Contact Our Los Angeles County Trust Administration Attorneys
If you are named the Trustee or Successor Trustee of a Trust, the beneficiary of a Trust, an heir of the Trustor, or a creditor of the Trust, talking with an experienced lawyer is the most effective way to get answers to your questions. To talk with our Torrance Trust administration attorneys, we urge you to contact our law firm at 310-776-9028 or toll free at 866-661-9751 for a confidential consultation.