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Southern California estate planning attorney Tony J. Tyre, founder of The Law Offices of Tony J. Tyre, Esq., APC, lists the top three reasons why a successor trustee has a duty to act in the best interest of the named beneficiaries. “They must avoid self-dealing by not deriving a personal gain in any way from…

Scenario: Your father was smart enough to have a trust drafted. As a result, his property can pass to you and his other beneficiaries without the lengthy and costly process of going to probate court. Now what? When your father had a trust drafted, he became both the Trustor (trust creator) and the Trustee (the…