Administration of Trust in California

If a decedent had a properly drafted and funded trust, probate is generally not required in California. Unlike a will, a trust is a private document and need not be filed with the probate court. Nonetheless, the successor trustee must still take steps to administer the trust. Beneficiaries must be contacted and kept informed, the trust-maker's assets gathered and invested, any debts paid, potential creditors notified, taxes filed and paid, and assets and/or income distributed in conformity with trust provisions to beneficiaries.

Successor trustees often lack the time, resources or knowledge to personally administer the trust, and therefore may call upon legal, accounting and investment professionals for assistance.

If you have any questions about administration of trusts, please contact Mr. Gourde at (949) 825-6525.

 
 

Thomas L. Gourde, Partner - Ray & Gourde, LLP
111 Pacifica, Suite 120 - Irvine, CA 92618
(949) 825-6525 - Fax: (949) 825-6544 - Email: tgourdelaw@gmail.com