by Kathryn A. Flanigan | Aug 4, 2016 | Trust Administration
If you’ve been named as a trustee, you have an important role to play in the administration process. It is your responsibility to carry out the administration of the trust, including gathering assets and distributing them to their intended beneficiaries. Trust...
by Kathryn A. Flanigan | Jun 20, 2016 | Trust Administration
Many people are intimidated by the prospect of using trusts, a somewhat-ironic fact since the very name should endear people to them. A trust is an estate planning tool that allows someone to give up their asset to another person (the trustee) who then holds on to and...
by Kathryn A. Flanigan | Feb 11, 2014 | Trust Administration
Changes in your life, and the law, dictate that a thorough review of your trust is imperative to ensure it still complies with your original intent. One of the many things you should review is your choice for trustee. Many people agree to become an executor or trustee...
by Kathryn A. Flanigan | Sep 24, 2013 | Trust Administration
It’s no misnomer that a position with so much responsibility carries the name “trustee”. After all, you have been entrusted with a solemn responsibility – California law even requires that you fulfill your duties under a Prudent Investor Rule...
by Kathryn A. Flanigan | Aug 13, 2013 | Trust Administration
Those who are entrusted with administering a trust are bound by California law to follow what is known as the Prudent Investor Rule, which means that trust assets must be invested and managed as a prudent investor would, while considering the purpose, terms,...
by Kathryn A. Flanigan | May 7, 2013 | Trust Administration
Trusts are for rich people, right? Wrong. There are five key benefits of creating a trust, and they can apply to anyone who has the need to: Protect assets. The list of people who have mismanaged assets, including spendthrift heirs, could paper many an estate planning...
