McCoy Fatula, APCMcCoy
Located in Roseville, CA

Trusts Archives

Trust Administration and What an Attorney Can Do for You

You may have been given the role of "trustee" over someone else's trust. As the trustee, you are responsible for properly administrating the trust. This creates a legal duty called a "fiduciary duty." As the trustee it is very important that you administer the trust in a way that is in the best interests of any beneficiaries. If you do not meet this duty there are potential legal ramifications, such as a beneficiary suing you for improper administration and seeking damages. Hiring an experienced attorney can help to avoid such headaches and consequences.

When a trust ends, what happens?

Many people turn to trusts in their estate plans because it gives them a lot of control over how they turn their assets over to their beneficiaries, while also allowing them to avoid probate on those assets. But a trust isn't forever. Eventually, it is applied and the beneficiaries receive what they are supposed to receive -- barring extreme circumstances.

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