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Trustees Executors & Fiduciaries Archives

Ex-California actress takes a stand against estate property sale

Tara Tyson Kulukundis was never well-known for her acting talents in New York or Los Angeles. The off-broadway and bit-part television actress did enjoy some notoriety decades ago and lived a comfortable lifestyle, at least until the death of her husband Manuel Michael Kulukundis.

Deciding who can best manage your trust

Trusts can be essential to an estate plan. Individuals can spend a great deal of time deciding which assets are placed in a trust. Estate planning advisors say equal consideration should be given to choosing the fiduciary or trustees who will manage the trust.

Financial, legal savvy is imperative for California trustees

Legal professionals stress choosing estate executors and trustees carefully. One of the reasons is the enormous financial responsibility that trustees carry for beneficiaries of an estate. The person assigned to a trustee position must have the competence and professional advice and resources to do the job.

Help! I've been named an executor

When friends or loved ones are creating their estate plan, it generally involves having a will drafted. Another part of this process is choosing the best person to be in charge of executing the will and ensuring that the details of the will are followed, as well as other important processes. That individual is called an executor or in some states, a personal representative. For many would-be executors, he or she has no idea what responsibilities are involved until after the will goes into effect and at that point, can feel very overwhelmed. A recent article provided some helpful tips for executors to aid them in their obligations.

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