by Stephanie Solheim | Nov 17, 2021 | Trusts, Trust Administration
A trustee’s primary responsibility is to manage the trust assets, but this job comes with several obligations. You may want to obtain legal help if you are appointed trustee of a trust so that you can ensure that all of your duties are properly fulfilled. The scope of... 
by Stephanie Solheim | Nov 17, 2021 | Trusts, Trust Administration
State laws require legal trust accounting for trust accounts. In California, your beneficiaries should be kept reasonably informed regarding the trust and its administration if you have a trust account for an estate or trust. At least once a year, as well as at... 
by Stephanie Solheim | Nov 17, 2021 | Trusts, Trust Administration
WHAT IS A CHARITABLE TRUST? Sometimes people have charitable intent and desire to give their assets to a charity. The law favors charitable trusts, sometimes called public trusts, by according them certain privileges, such as an advantageous tax status. BENEFITS OF... 
by Jack Klosek | Feb 14, 2021 | Trusts
A trust is a structure that one can set up and use to manage his or her assets. It is set up by a person to ensure that the assets are properly transferred to intended beneficiaries, without the hassle and expense of going through probate court. For someone with a...