Posts Categorized: Trust Accountings

The Beneficiary'sCorner-2

Course 2 — Lessons 1 to 3: Trustee Duties — The Top 3

The basics of Trustee’s duties: These are the beginning ground rules for Trustee Duties: The Trustee must follow the Trust terms; The Trustee must administer the Trust solely for the beneficiaries; and The Trustee must not enter into any transaction where he personally obtains an advantage over the Trust or Trust beneficiaries. Hypothetical Let’s consider a hypothetical situation to demonstrate ...

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The Beneficiary'sCorner

Course 1 – Lessons 1 to 3: Prudent Trustee Investing

1.         The basics of Trust investing: These are the beginning ground rules for Trust investing: The Trustee must act as a prudent investor would act; The specifics of the Trust must be considered; and The Trustee must act with reasonable care, skill, and caution. 2.         Hypothetical Let’s consider a hypothetical situation to demonstrate the problems that can arise and the ...

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truth

Truth or consequences: how much does a California Trustee have to pay back?

If a Trustee breaches a duty, what is the amount for which they are liable? The answer may surprise you. Basically, the Trustee is chargeable with three things: (1) any loss or depreciation in value incurred by the Trust, (2) any profit made by the Trustee, and (3) any profit that would have been made by the Trust were it not ...

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You Need Me

Trust and Will Lawsuits: Why do you need an expert witness

https://www.youtube.com/watch?v=_ObvmxMfbGw&feature=youtu.be If you are suing to overturn a Trust or Will, or taking any other action for that matter, on the basis of capacity or undue influence, then you need an expert witness.  In fact, in any case where there is information in medical records, you need an expert witness.  Why?  Because of a little thing called hearsay. Everyone seems ...

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Images

How Hard is it to Sue a Bay Area Trustee for Breach of Trust?

  How hard is it to sue a Trustee? In this video we describe some of the hurdles you will face in suing a Trustee for breach of Trust.

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Images

The Big Freeze: How to Freeze Trust and Will Assets in Bay Area Lawsuits

  Why can’t you just freeze Trust assets as soon as you file your Trust lawsuit?  Well sometimes you can, but other times it is not so easy.  In fact, in nearly every case you have to start from the point that assets are not generally going to be frozen once a lawsuit is filed. Freezing any assets before trial ...

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