Trustee’s Professional Fees | How Much are They Paid?

California law provides that both individual and corporate trustees are entitled to compensation for their services as trustee. Corporate trustees, sometimes referenced as professional trustees, are different than individuals – like an aunt or an uncle administering a trust. Independent trust companies and large banks have professional trust departments. These professional trustees often administer trusts […]

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Trust Beneficiary Distributions | Trustee Judgment Required?

The power of trustees should not be underestimated. It is said that power can be intoxicating. Some grow with its possibilities and some swell with pride and arrogance. Those who swell may act like potentates whose power can be exercised arbitrarily and without explanation. When queried for reasoning behind a decision, their answer might mimic […]

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What Happens If a Trustee Mishandles Trust Assets? | Avoid a Shakedown

Trust administration can be challenging. Layperson trustees are not really trained for the tasks. And, professional fiduciaries can occasionally go off track. Lack of transparency is an ignition switch for controversy. Controversy that can flame into expensive and emotional trust litigation. So, is it a good thing to avoid litigation? Unquestionably. With this in mind, […]

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