Trust And Will Terminology 101
By Allyson S. Heller

When people begin looking into the process of creating a living trust, they often have questions about the various legal terms that they may encounter, many of which can seem confusing and overwhelming. To help demystify the estate planning process, in this article I briefly define some of the most common trust terms and phrases. [...]

By |2024-01-28T01:23:41+00:00September 21st, 2022|Trust, Trustee, Will, Аttorneys|Comments Off on Trust And Will Terminology 101
By Allyson S. Heller

Executor and Trustee Fees in California

Whether your loved one dies testate (with a will) or intestate (without a will), his or her estate will be subject to the California probate process—the roughly twelve-to-sixteen-month process whereby a court oversees distribution of an estate to its beneficiaries. The personal representative of an estate (the “executor”) is entitled to compensation for services he [...]

By |2024-01-28T03:01:29+00:00February 16th, 2022|Trustee|Comments Off on Executor and Trustee Fees in California

California Attorney Tony J. Tyre Examines Essentials of Being a Successor Trustee

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 [...]

By |2024-02-21T03:43:21+00:00July 29th, 2019|Media, Trustee|Comments Off on California Attorney Tony J. Tyre Examines Essentials of Being a Successor Trustee

Being a Successor Trustee Should Be Taken Seriously

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 [...]

By |2024-02-21T17:10:35+00:00April 12th, 2019|Successor, Trustee|Comments Off on Being a Successor Trustee Should Be Taken Seriously

Being a Successor Trustee

What is a Successor Trustee? A Successor Trustee is a person who takes over the management of a trust after the initial trustee dies or is unable to fulfill their responsibilities. The Successor Trustee is responsible for executing the trust and managing it until the assets of the trust are distributed to the beneficiaries according [...]

By |2024-02-21T18:54:15+00:00April 11th, 2018|Successor, Trust, Trustee|Comments Off on Being a Successor Trustee
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