q TRUSTS-DUTY TO ACCOUNT TO BENEFICIARIES By: David L. Crockett, Attorney, CPA UCLA Law School ’69, UC Berkeley ’66 Newport Beach, Ca 949-851-1771 www.trustandprobatelawyers.com david@clcnewport.com People involved in a trust. Because trusts are not filed or recorded with any government agency, laws have been established to make sure…
TRUSTS – ACCOUNTING- PERSONAL PROPERTY PROCEDURES By: David L. Crockett, Attorney, CPA UCLA Law School , J.D. ’69, UC Berkeley ’66 901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771 Email: David@CLCNewport.com 7-1-22 Website: TrustandProbateLawyers.com Definition of: The “personal property” as far as trust…
GENERIC OUTLINE OF BASIC TRUST ADMINISTRATION STEPS: (Each step of administration can create serious pitfalls and problems if ignored) 1. Study of the trust documents to determine specific instructions i.e. what to do on death of first or second spouse as the case may be. [Why do this?…
TRUSTS – DUTY TO ACCOUNT TO BENEFICIARIES & TYPES OF ACCOUNTING By: David L. Crockett, Attorney, CPA Types of Accounting: Trust accounting may be (1) Informal; (2) Formal (non-court) according to Probate Code §16063 format; or (3) Court accounting according to Probate Code §1060 et. seq. requirements. The trust accounting…
TRUST ACCOUNTING LAWSUIT/PETITION PROCEDURES By: David L. Crockett, Attorney, CPA Trust terminology basics. A trust is created by a written document known as a declaration of trust, and is then funded by transfer of money into trust bank accounts and/or deeding or transferring of properties to the trust. The…
WHY DID THE TRUSTEE PAY ALL THAT MONEY TO HIMSELF? WHAT ARE TRUSTEE FEES? A trust is typically established by a document known as a declaration of trust will which is a document with instructions for how the trust assets are to be handled. The declaration of trust also identifies…
Orange County Probate Court Litigation Lawyer YOU CAN FILE LAWSUITS OVER PROBATE ESTATE MATTERS PROBATE COURT SYSTEM Part of the California Superior Court system is dedicated to administration of trusts and estates and the deciding of lawsuits over all aspects of trusts and estates. Probate court litigation lawsuits in the…
Intro BE CAREFUL WHO YOU TRUST WITH YOUR TRUST Trust terminology basics A trust is created by a written document known as a declaration of trust, and is then funded by transfer of money into trust bank accounts and/or deeding or transferring of properties to the trust. The creator of…
My Sister is the Trustee and She Refuses to Pay My Share Trust terminology basics A trust is created by a written document known as a declaration of trust, and is then funded by transfer of money into trust bank accounts and/or deeding or transferring of properties to the trust. The creator…
Wills benefiting the attorney or caregiver are suspect Abuses in formation of wills and trusts In California over the last few decades there have been some situations whereby attorneys or caregivers have had wills or trusts prepared that benefit them. There was a famous case of a 95-year-old lady whose…