Abandoning Trust Assets

[Music] Hi this is Keith Davidson at Albertson and Davidson in this video I'm talking about abandonment of trust assets there's times when a trustee will be managing a trust and they'll come across the trust asset that simply isn't worth anything it could be an interest in a partnership that has gone defunct and it's no longer in business it could be a lot of land out in the middle of the desert that they can't seem to sell no matter how hard they try or how long they have it on the market whatever the case may be there's times when a worthless asset will be an asset of the trust and during those times the trustee has the power and the right to abandon the asset that means they can just walk away from it this is good for the trust administration and it's good for the trust beneficiaries too because most trust beneficiaries don't want to be given an asset that's not worth anything it's just not worth the trouble of transferring in and then the beneficiary has to figure out what to do with it so there are times when a trustee has the right to abandon worthless trust property albertson and Davidson is here to help you fight for your inheritance check out al devlog com for our complete library of helpful legal videos and articles from your favorite California trusts and we'll litigation law firm Albertson and Davidson LLP.