Administering a Trust in Irvine, CA?
Proven Representation & Effective Solutions
When an individual is appointed successor trustee of a deceased person's
estate, they become responsible for administering the decedent's trust.
This task can be complicated and overwhelming, which is why if you have
been appointed successor trustee, it may be beneficial to work with a
lawyer. At Peter Rasla & Associates, P.L.C., the
Irvine probate attorney and knowledgeable team is well-versed and skilled in the field of
Want to ensure that your duties as successor trustee are carried out properly?
Contact the firmtoday to get schedule your free case evaluation.
Duties of a Successor Trustee
As a successor trustee, there are a number of obligations you must fulfill
to ensure that the trust is handled properly. Attorney Rasla and his team
maintain an extensive understanding of California probate law, and ensure
their clients are always informed about what their obligations as a successor
Some responsibilities of a successor trustee include:
- The trust is not to be used for personal benefit, or for anything not related
to the trust.
- You must act in the best interest of the beneficiaries. The decedent had
reason to give you the duty of being successor trustee, which means you
should take your obligations seriously. Ensure all beneficiaries are always
aware of your actions while administering the estate. Do not show favoritism
towards any of the beneficiaries.
- Make sure the trust's assets are preserved. Make cautious choices when
you are deciding how to invest or hold the assets. If the assets decrease
due to your negligence, you could be held liable and may have to repay
- Ensure the trust's assets stay separate from your own personal funds.
Assets that are mixed with your own could lead to misuse.
- You must file the taxes for the estate on time. If the taxes are not filed
on time, you will be held responsible for any penalties that ensue.
- Keep accurate records of any decisions you make regarding the trust. If
you are asked by a beneficiary or the court to give an account, you must
be able to do so.
While the amount of responsibility placed on a successor trustee may seem
overwhelming, as long as you stay on top of your duties and handle your
tasks properly, you do not have reason to worry. By teaming up with the
Irvine law firm, you can take extra care in fulfilling your responsibilities
To learn more about administering trusts, call the Irvine probate attorney
at (949) 390-9994!
If you retain the services of Peter Rasla & Associates, P.L.C., you
can be sure that you have a team representing you that truly cares about
helping you obtain the best outcomes possible. The team takes your responsibility
as a successor trustee seriously and they ensure every client is provided with
helpful guidance and effective counsel at every step of their legal proceeding.
Fulfill your duties as a successor trustee with confidence!
Call the firm
today to schedule your
free case evaluation.