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December 2017 Archives

Making a timeline for probate priorities

At the Law Offices of Alice A. Salvo, we are acutely aware that individuals seeking our services in California probate law are, more often than not, experiencing intense emotional distress following a personal loss. As you might expect, the typical mindset of a bereaved individual is not conducive to absorbing fine points of legal procedure or processing complicated financial arrangements. This is why we make it our priority to help clients organize their thoughts if and when they find themselves involved in either formal probate or summary proceedings.

How do you resign the role of trustee?

Serving as the trustee of a trust created by a client, associate or someone close to you in Woodland Hills can be an arduous task. Initially, you may have no problem taking it on out of your sense of loyalty to the trust's settlor. Yet eventually you may get to the point where the thought of resigning the position enters into your mind. Accepting the role of trustee by no means indentures to the settlor or to his or her estate, so yes, resigning is an option. The question is how do you do it? 

Understanding trustee indemnification

Being the beneficiary of a trust set up by someone in Woodland Hills may seem like a frustrating proposition. After all, even when you are entitled to a distribution from the trust's assets, such payments often seem to be at the discretion of the trustee. Many have asked us here at The Law Offices of Alice A. Salvo exactly how much control does a trustee have over distributions. Say, for example, that you are due a distribution from the trust, yet the trustee contacts you stating that their is an issue in the trust's management affecting your interests, and that the only way you will get what is coming to you is by absolving him or her of liability for it. Can he or she do that? 

How California law permits executors to be challenged

Naming an executor to carry out a will is one of the most important decisions a resident in California can make. An executor's task is to guard the property of a deceased person until all outstanding taxes and debts are taken care of, after which the remaining assets are given to the recipients listed in the will. However, some people may find problems with an executor after he or she has been appointed. According to California law, there is recourse if an executor exhibits certain problems.

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20350 Ventura Boulevard
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Woodland Hills, CA 91364

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