A trustee is a fiduciary responsible for managing and administering a trust according to its terms and applicable law. Trustee duties, including the essential trustee duties outlined below, require that trustees act in the best interests of the beneficiaries and fulfill various legal and ethical obligations. Below is a detailed explanation of a trustee’s duties...Read More
Trust accounting in California is governed by the California Probate Code and other applicable laws designed to ensure transparency, accountability, and proper management of trust assets. Trustees have a fiduciary duty to maintain accurate and detailed records of all trust transactions and to provide beneficiaries with regular and clear accountings. This webpage outlines the key...Read More
When setting up a trust, one of the most critical estate planning decisions is selecting a trustee. Some individuals consider appointing multiple trustees—known as co-trustees—to share the responsibility of managing the trust. While this approach might seem beneficial for balance and oversight, it often introduces unnecessary complications. Below are 9 of the top reasons why...Read More
Trust disputes can be emotionally and financially taxing, especially when they involve family members or close relationships. If you find yourself in a trust dispute, understanding the steps to take can make the process smoother and protect your rights. Here is a comprehensive guide to navigating a trust dispute in California. Step 1: Understand the...Read More
Let’s Meet the Prudent Investor Rule The prudent investor rule is a cornerstone of trust law that governs how trustees must manage trust assets. Codified in California under the Uniform Prudent Investor Act (UPIA), this rule requires trustees to exercise reasonable care, skill, and caution when investing and managing trust assets. Understanding and adhering to...Read More
Riding in harmony with my special little guy, Charlie. 🙂 12 California Bicycle Laws Every Bicyclist Should Know Alright, let’s bicycle in harmony with California law. As an avid bicyclist myself, I wanted to present 12 California bicycle laws I think every bicyclist should know. Awareness and application of these rules go far in keeping...Read More
