When people in California create a trust, they likely do so to ensure that their estate is distributed according to their wishes. In order for this to happen, they name someone to help facilitate trust administration. However, those with little experience administering a trust can easily become overwhelmed as they attempt to understand their duties and authority and try to ensure that all necessary paperwork is completed in a timely manner.
Being responsible for a trust is no small thing. A trustee's role when administering a trust is significant and can be met with severe consequences if anything is done inappropriately. Those in California who are left with this responsibility need to know what exactly their role is and what they can do to protect themselves should anything go wrong.
Being named a successor trustee in a loved one's or friend's estate is a privilege that comes with great responsibility. When the time comes to fulfill your role, will you be ready? After all, how complicated can administering a trust in the state of California be?