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California’s order of preference for conservators

On behalf of Law Offices of Alice A. Salvo | Oct 13, 2017 | Executors And Fiduciaries, Trustees

For many in Woodland Hills, their greatest fear may be having to be placed under the care of another. Second to that may be the concern that if they do become incapable of caring for themselves, that the person assigned as their guardian or conservator is selected...

Woman looking to take back control of estate from trustee

On behalf of Law Offices of Alice A. Salvo | Oct 7, 2017 | Executors And Fiduciaries, Trustees

Assuming the role of trustee over a trust account in Woodland Hills may be an unenviable task. By doing so, one agrees to manage the trust assets of another for the benefit of designated beneficiaries. Of course, those beneficiaries may not always be keen to know that...

Why choose cotrustees?

On behalf of Law Offices of Alice A. Salvo | Sep 8, 2017 | Executors And Fiduciaries, Trustees

When sitting down to consider your estate planning options in Woodland Hills, you might want to keep the idea of managing your assets through a trust towards the front of your mind. This will hopefully ensure their wise management for the benefit of your beneficiaries...

How do you formally accept the role of a trustee?

On behalf of Law Offices of Alice A. Salvo | Aug 5, 2017 | Executors And Fiduciaries, Trustees

Taking on the role of being a trustee to an instrument or account created by a family member, friend or colleague in Woodland Hills is a large responsibility, and certainly one that should not be taken lightly. You may do well to consider the matter for a time before...

Evaluating transactions made by a trustee

On behalf of Law Offices of Alice A. Salvo | Jun 21, 2017 | Executors And Fiduciaries, Trustees

A number of different responsibilities accompany the role of trustee in Woodland Hills. One who assumes this role should do his or her due diligence is researching them all in order to avoid accusations of breaching his or her fiduciary duty. Such allegations can be...

How can one ensure the duties of a trustee are fulfilled?

On behalf of Law Offices of Alice A. Salvo | May 19, 2017 | Executors And Fiduciaries, Trustees

Assuming the role of trustee for a trust created by a family member, friend or colleague in Woodland Hills is a huge responsibility, and certainly not a request you should consider fulfilling without first dedicating a significant amount of thought and care to it. By...

Can you resign from being a trustee?

On behalf of Law Offices of Alice A. Salvo | Apr 6, 2017 | Executors And Fiduciaries, Trustees

Assuming the responsibility of acting as the trustee for a trust set up by a family member or friend in Woodland Hills is a huge undertaking, and certainly one that should not be taken without a good deal of thought and careful contemplation. Yet even after having...

Identifying reimbursable expenses for a personal representative

On behalf of Law Offices of Alice A. Salvo | Feb 23, 2017 | Executors And Fiduciaries, Trustees

Assuming the role of personal representative for the estate of a family member or friend in Woodland Hills means making a huge commitment of both your time and effort. If you are not familiar with estate or probate law, you may have to put in additional hours of...

Detailing the duty to submit an estate inventory and appraisal

On behalf of Law Offices of Alice A. Salvo | Feb 9, 2017 | Executors And Fiduciaries, Trustees

Those who come to us here at The Law Offices of Alice A. Salvo after having been named as the personal representative for the estate of a deceased acquaintance in Woodland Hills consider such an appointment to be quite an honor. However, if you have been asked to fill...

What is a trustee’s standard of care?

On behalf of Law Offices of Alice A. Salvo | Jan 12, 2017 | Executors And Fiduciaries, Trustees

When you are party to a trust in Woodland Hills, you no doubt have interest in the actions of the trustee. His or her performance in this role could directly affect your interest in the trust’s assets. Therefore, it may be in your best interest to know the basic...
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