Hess-Verdon & Associates

Guidelines: Trustee Representation

Trustee Representation

TRUST DISPUTES AND ADMINISTRATION

Siblings contesting a trust? Moreover, search our pages below for up-to-date expert legal counsel.

Estate Planning

Are you a Trustee or Co-Trustee?
Trustee Representation

PROTECTING THE TRUST AND YOUR LEGAL RIGHTS

Co-trustees are trustees who share responsibility for managing a trust. To be valid, co-trustees must sign all forms together. The trust must clearly state that the Co-trustees have the authority to act independently to change the default California trust laws.

Trustees are responsible for managing and administering a trust. This includes selling trust property to beneficiaries, and filing taxes on trust income.

Co-trustee vs. successor trustee 

If you’ve been named a successor trustee, you can breathe easily. Successor trustees are not the same as a co-trustees. Co-trustees duties are immediate, while a successor trustee waits until the trustee is incapacitated or dies to begin acting. However, that doesn’t mean you shouldn’t learn your responsibilities just yet.

As a successor trustee, you will be responsible for: 

      • Trustor’s financial affairs
      • Making sure the trustor is getting quality care
      • Notify grantor’s family, friends, and work of their condition
      • Keep records of medical expenses, file medical claims, and apply for benefits
      • Notify co-trustees
      • File taxes and settle legal debts and claims
      • Collect death benefits
      • Administer assets to beneficiaries according to grantor’s instructions
Trustee Representation
“Absolutely top notch firm for handling all your estate planning matters.”
Dean Williams

Client Since 1995

Trustee Representation
“Definitely a firm that will “fight to the finish.”
Frances Gruben

Client Since 2010

Trustee Representation
“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

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ADDRESS

Hess-Verdon & Associates, PLC
620 Newport Center Drive Suite 1400
Newport Beach, California, 92660
Office: (949) 706-7300 
Toll Free: (888) 318-4430

Copyright © 2022 Hess-Verdon, PLC. All rights reserved. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. The verdicts and settlements listed on this site are intended to be representative of cases handled by Hess-Verdon & Associates, PLC. These listings are not a guarantee or prediction of the outcome of any other claims. The information contained on this website is not tax or legal advice and is not a substitute for such advice. State and federal laws change frequently, and the information in this article may not reflect your own state’s laws or the most recent changes to the law. For current tax or legal advice, please consult with an accountant or an attorney.

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Learn more about receiving trust donations.

ADDRESS

Hess-Verdon & Associates, PLC
620 Newport Center Drive Suite 1400
Newport Beach, California, 92660
Office: (949) 706-7300 
Toll Free: (888) 318-4430

Copyright © 2022 Hess-Verdon, PLC. All rights reserved. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. The verdicts and settlements listed on this site are intended to be representative of cases handled by Hess-Verdon & Associates, PLC. These listings are not a guarantee or prediction of the outcome of any other claims. The information contained on this website is not tax or legal advice and is not a substitute for such advice. State and federal laws change frequently, and the information in this article may not reflect your own state’s laws or the most recent changes to the law. For current tax or legal advice, please consult with an accountant or an attorney.

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