The duty of a trustee is to manage the assets in a trust in accordance with the terms designated for the benefit of the trust’s beneficiaries. If you set up a living trust for yourself and are the beneficiary, you have the right to take money or assets from it as you choose. However, if […]

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Some Californians live on top of gas and oil. If these valuable resources are in the ground under your property, you may be getting some nice royalty income on a regular basis. Even if you sell your home, you can retain the rights to what is underneath it. The disposition of those royalties should be […]

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As a young adult, you have a lot of new responsibilities. You might think that you have everything covered, but have you made an estate plan? An estate plan is an important part of being an adult, especially if you have a spouse and children, because the estate plan lets those who are left behind […]

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You’re the trustee of a trust for a beneficiary who owes money to creditors. Can you be required to use assets in that trust to pay that beneficiary’s debt? Under California law, you may be able to avoid having to do that. However, it depends in part on how the trust was established. A trustor […]

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