When a person in California creates an estate plan, one document they might consider executing is a trust. A trust is overseen by a trustee. However, after a trust is created, the trustee must uphold his or her fiduciary duty. The failure to do so could lead to trust litigation. The following post will provide a brief overview of how a trust is created, and what a trustee's fiduciary duty entails.
What if a trustee in California breaches their fiduciary duty?
Tackling estate planning one step at a time
According to a Wells Fargo survey, only four in every 10 individuals in the United States age 60 and up have executed the legal documents necessary that dictate how their health care and finances will be handled if they become incapacitated.
How are marital assets categorized for divorce purposes?
When it comes to dividing property in a divorce, there is a lot at stake. Couples in California will have to make decisions that could affect them for many years to come, such as what to do with the family home or how to divide retirement accounts. So, it pays to have an understanding of how California law addresses the issue of property division.
