Am I Fulfilling My Fiduciary Duty?
A Trustee is governed by the rules/ and duties set forth in California Probate Code Sections 16000 -16249, and includes the added duties provided by the Uniform Prudent Investors Act. There are numerous duties and traps for the unwary that could subject a Trustee to removal or even surcharge. Trustees have a legal obligation to act in the best interests of the beneficiaries. They may worry if their decisions are aligned with this duty and if they are managing the trust prudently.
What if I make a mistake or encounter a legal challenge during trust administration?
Trust administration involves complex legal and financial matters, and even the most diligent trustees can face unexpected challenges. Our experienced team at The Estate Lawyers has in-depth knowledge of trust and estate laws in Southern California. We can help you navigate potential pitfalls, minimize risks, ensure compliance with legal requirements, and let you get a better night’s sleep.
How can I ensure a smooth and efficient trust administration process?
Efficiency and accuracy are key to a successful trust administration. Our firm leverages advanced technology, and we pay meticulous attention to detail to streamline the entire process. We will assist you in asset valuation, asset transfer, tax preparation, beneficiary communications, and all other necessary tasks, ensuring a seamless and timely administration that honors the wishes of the trustor.