Avoid Trouble In Trust Administration
If your loved one established a trust with you as a trustee, you are already ahead of the game when it comes to estate administration. It is imperative that you have experienced legal counsel guiding you through the administration to avoid probate court. Even if assets are not properly funded into a trust, we may be able to limit or potentially avoid probate court.
Your Responsibilities May Seem Straightforward, But In Fact You Need A Lawyer’s Guidance
Acting as a trustee is generally a smoother process than taking an estate through probate court. However, there are many potential pitfalls. To ensure that you do not make a mistake or expose yourself to claims of negligence by other beneficiaries of the estate, consult with an experienced and knowledgeable firm. At the Gostanian Law Group in Newport Beach, we are ready to guide you in a clear and timely manner in your role as trustee.
The Gostanian Law Group will help you:
- Understand and carry out your duties as a trustee.
- Exercise your powers as a trustee in accordance with the trust terms and California Probate code.
- Comply with the parts of the Uniform Principal and Income Act that pertain to your loved one’s estate.
- Be aware of — and navigate — your liabilities that may stand in the way of a fully settled estate.
- Be aware of applicable tax issues and required payment of bills that will mean you must take certain actions.
What Do You Need To Know About Estates And Trust Administration?
We offer free, 30-minute initial consultations to answer your initial questions about trust administration and distribution of assets. For more information, call 866-330-0578 or contact our firm through this website. Our attorneys advise clients throughout Orange County and the surrounding areas.