PETITIONS TO REMOVE OR COMPEL TRUSTEE
If you are the beneficiary of a trust, and any disagreement or dispute regarding that trust emerges, immediately contact an experienced Orange County trust attorney at the Citadel Law Corporation to protect your rights. Upon the death of a trust’s creator, the duties of trustees are clear and specific. The role of a trustee means that trust assets must be administered for the advantage of the beneficiaries in the manner set forth by the trust. Sometimes a legal trust demands the direct distribution of assets to the beneficiaries. Other trusts may require that assets be held for the continuing benefit of children or other beneficiaries. When assets are held for a duration of time, the estate trustee may also have the right to use or distribute the principal of any beneficiary’s individual share for the health, education, maintenance, and support of that beneficiary according to the trustee’s own discretion.
TRUSTEES MUST BE PRUDENT AND EFFICIENT
In all cases, trustee responsibilities under trustee law include seeing that the assets of the trust, including income, principal, and any special assets like businesses, properties, or art objects, are administered prudently and efficiently for the exclusive benefit of the beneficiaries, in accordance with the terms of the trust. When assets are held in trust for a prolonged period, trustee duties include open and accessible communication, which must be offered routinely by the trustee to the beneficiaries. Trust administration also includes preparing and filing federal and state income tax returns for the trust until the trust is legally terminated.
WHEN BENEFICIARIES NEED LEGAL HELP
The reasons to remove a trustee might include a failure to comply with the terms of the trust or with California trust law, neglecting the duties of a trustee, using control over a trust for personal benefit, or hostility to beneficiaries. In these instances, beneficiaries must petition a probate court for a trustee’s removal and appear at a court hearing to make it happen. Removing a trustee isn’t always easy, so it’s imperative to have the assistance of an experienced Orange County trust attorney at the Citadel Law Corporation. The trust attorneys at the Citadel Law Corporation offer legal services that are designed to help both beneficiaries and trustees. Contact an experienced Orange County trust attorney at the Citadel Law Corporation to discuss your legal needs. Call 949-852-8181 to schedule an appointment with an attorney today.