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What Do I Do If I SUDDENLY Become a Successor Trustee? 

CunninghamLegal
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16 сен 2024

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Комментарии : 6   
@sampsonlittle7368
@sampsonlittle7368 7 месяцев назад
Is there a time when it should just be better to go thru probate? I know of a few people that would not want to have to go thru all that as a trustee.
@CunninghamLegal
@CunninghamLegal 7 месяцев назад
Often times, Probate is more complex and more costly because it is a formal court process. A California small estate affidavit can be a shortcut since it can be used to claim all property, except real estate, if the deceased died after April 1, 2022 and the estate's total value is less than $184,500. But if it's over that amount, it's likely going to Probate. Here is a video on what a Trust Administration attorney does, and it touches on the labor of Probate: www.cunninghamlegal.com/trust-administration-attorney-what-is-it-and-do-you-really-need-an-expert/. At our office, we sometimes advise appointing Corporate Trustees to manage and administer the Trust. They usually charge between 1%-2% of the estate value per year, and for some people, that's well worth their peace of mind.
@ronmiller5820
@ronmiller5820 11 месяцев назад
In a trust when a spouse dies does the survivor of the trust become trustee
@CunninghamLegal
@CunninghamLegal 11 месяцев назад
It depends on how the trust was written. The Successor Trustee takes control of the estate/trust when the original Trustee passes away. Here is a video with some steps: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-l_GOtO9sADM.html
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