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Hess-Verdon & Associates

HESS-VERDON IS THE LEADING ORANGE COUNTY AND LOS ANGELES TRUST & ESTATES, PROBATE LITIGATION LAW FIRM

How to close a trust | Dissolving a trust

During these hard times, we know it’s vitally important to save time, money, peace of mind, and receive the highest of top quality counsel!

Hess-Verdon is one of the highest top-quality counsel that cares and fights for your legal needs.

Our managing partners have practiced law for over 30+ years. We have deep court experience, and after 1500+ clients throughout our tenure, you will receive in-depth knowledge in trust & estates, business, and real estate matters.
For a limited time, we are offering a free no-obligation case evaluation. Feel free to call, and our helpful staff will set you up with one of our specialized attorneys.

Our Guarantee: Courteous treatment with respect and professionalism with a commitment to delivering high quality, client-centered focus.

By Phone 1-888-318-4430

How to Close a Trust in California

HESS-VERDON IS YOUR #1 SOUTHERN CALIFORNIA TRUST & ESTATE LAW FIRM

(DEEP BENCH COURT TIME)

California Trust Law – How to Close a trust in California

If a California Trustor has recently died and left a trust, a successor trustee will need to know how to close California’s trust. Now, depending on the type of trust will determine the steps to dissolve the trust.  

Let’s get a few facts out at the beginning. Trusts are divided into two camps—revocable and irrevocable Trusts. Once a trustor dies, the revocable converts to “irrevocable,” meaning it can no longer be changed. The successor trustee now enters the picture to consolidate all assets, bank accounts, etc. of the deceased and update all beneficiaries as to the steps they will take. Transparency is the key to a successful trust administration process.

How Do You Close a Trust Administration and ready to make the final distribution?

As a Trustee, you will want first to get the original trust document (sometimes called trust instrument). Please read it in full, compile the names of all beneficiaries, etc., and draft a letter updating all beneficiaries of your pertinent information and plan to complete and dissolve the trust administration here in California. You will want to make sure the beneficiary feels confident you will follow the trust document in full and follow your fiduciary duty.

After you update all the beneficiaries, etc., you will have to gather all the estate assets and protect them from someone stealing and misappropriating. The bottom line, there are many steps throughout the trust administration process. 

How Does a Trust Terminate

As the successor trustee, you want to distribute the assets to the beneficiaries while eliminating any liability. To reduce any liability, you can either have the beneficiaries sign a consent and release form based on an informal accounting or go to the court and ask the court to approve the court filed accounting. The objective of both the trustee and beneficiaries is to stay out of a California trust litigation situation. 

Choosing the Right Trust & Estate Planning Attorney to help dissolve the trust 

CHOOSING THE RIGHT TRUST & ESTATE LITIGATION LAW FIRM IS CRUCIAL

Hess-Verdon is the Right Trust Estate Litigation Law Firm

When it comes to searching for a Trust Litigation Attorney in Los Angeles, Hess-Verdon & Associates is a top Southern California trusts and estate law firm in the state of California at both the trial and appellate levels. 

Our law firm is well versed in estate planning, trust administration, and trust litigation. 

We believe in Aggressive legal representation with a team of experts that protect you, our preferred client, with current tax and estate planning and trust litigation strategies. 

To continue, our litigation lawyers have years of extensive experience in strategy, trial preparation, and trial presentation to help you with your case.  

Hess-Verdon welcomes the opportunity to discuss your case, our staffing approaches, qualifications, and rate structures. Our goal is a view toward the successful resolution of Estate and trust-related matters. 

FOR A LIMITED TIME, WE ARE OFFERING A FREE NO-OBLIGATION CASE REVIEW. 

During these trying times, when you need the peace of mind, Hess-Verdon is here to give you legal support.

We can confidentially evaluate what the problems and solutions are for your case. 

Our probate attorney will tell you the truth about what the source is of your delays, questions, or increased expense.  

If you are currently in litigation, consider the following:

Why is this taking so long?

Is it your lawyer?

Do you wish your attorney was more like your opposing counsel?

Why is this costing so much?

When will this be over?

When should you settle and for how much?

If you have questions that your attorney is not answering, or the litigation has taken unexpected twists and turns, you should seek a second opinion. 

What is the cost of a second opinion? 

Second opinions on handling your case can be rendered on favorable terms, in some cases, at no charge. 

To discuss your situation, to meet with us, or to get your questions answered, please call our office to schedule an appointment.

 

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Contesting a Trust in California

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Hess-Verdon & Associates
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1-888-318-4430

stars 5 Guide to How to Close a Trust in California!

“I have been working with this firm since 1994; you can’t beat a firm like this, that is so ethical and competent.”

Dixie Fisher

Client Since 1994

stars 5 Guide to How to Close a Trust in California!

“We’ve always felt comfortable sharing our concerns with Hess-Verdon & Associates and have felt confident that the job was well done and the concerns answered.”

Malou Cole

Client Since 2006

Hess-Verdon & Associates PLC

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