What is Trust Administration?
Trust administration refers to the management of a trust and any documentation associated with the trust such as tax documents, listing of beneficiaries named in the trust, and certified copies of the settlor’s death certificate. Who is Responsible For Trust Administration in Carlsbad? The trustee named in the trust document is responsible for administering the […]
For a California Trust, What Is a Grantor, Trustee, and Beneficiary?
Establishing a California trust offers several key benefits. There are three key players in a trust: the grantor, the trustee, and the beneficiary which we will review in today’s post. The benefits of a California trust are, first, it allows for the efficient and private transfer of assets upon the grantor’s passing, bypassing the costly […]
WHAT’S INVOLVED WITH FUNDING A TRUST?
Carlsbad Trust attorney, Andrew Fesler, gives insight into funding a trust; what is meant by that, and some of the ways to accomplish this. As a leading attorney in Carlsbad, California, he specializes in estate administration and probate, trust administration, advance directives, business succession planning, and all aspects of estate planning including setting up a […]
Tax Benefits of Using a Revocable Trust in California
Many people are drawn to trusts after hearing they can provide tax benefits. However, it is critical to understand that the tax benefits of a trust vary depending on the type of trust you create. Revocable trusts, one of the most common types of trusts in California, provide no income or estate tax benefits. If […]
What is a Special Needs Trust in California?
If you have a child with special needs, it is critical to create a comprehensive estate plan that includes providing for their future financial needs. A special needs trust is one tool that you should consider adding to your estate plan. Carlsbad estate planning attorney Andrew Fesler gets into the topic of a this important […]
Carlsbad Estate Planning Lawyer Talks About Errors a Trustee Can Make
Hopefully, your Carlsbad estate planning lawyer has included a trust in your California estate plan. Carlsbad estate planning lawywer Andrew Fesler has been setting up trusts for many years and he has seen that with the right planning and the right attorney, mistakes can be avoided. One way is to understand what a trustee is […]
Who Can Dissolve a Revocable Trust?
As the name suggests, a revocable trust can be dissolved or revoked at any time. But by who is important. The only person who has the ability to dissolve a revocable trust is the person who created it in the first place. The formal term for the person who creates the trust is the “settlor. […]
Benefits of a Revocable Trust in California
Revocable trusts present an excellent strategy for handling the assets in your estate plan. The benefits of a revocable trust are numerous and in California, the most common way to distribute assets instead of using a will. In California, probate can be a long, expensive, and public process. A revocable trust is an estate planning […]
Naming Your Trustee
Selecting a trustee to handle your trust can is an important choice. While it may be tempting to name your best friend or family member to the task, it’s important to understand what the trustee’s job will include before naming your trustee. Person of Good Character Your Trustee should be a person of good character. […]
What is a Successor Trustee
A successor trustee refers to a person, or persons, tasked with managing and administering the terms of a trust when the trust’s creator called the grantor, can no longer administer the trust on their own. While that can refer to situations where the grantor has passed on, it can also apply to situations when the […]
