Living trusts reduce or eliminate needless estate taxes and probate fees. They are highly favored as a basic estate planning tool. However, unethical and incompetent “trust mills” have created the false impression that a simple living trust will avoid estate tax in all circumstances, and that trust administration is simply accomplished by writing checks to beneficiaries.
Nothing is further from the truth. Estate taxes and real property tax reassessments may trap the unwary. A trustee who fails to administer a trust correctly may be personally liable for losses, estate taxes, penalties, interest, and punitive damages! Moreover, simple lack of proper communication often prompts lawsuits from beneficiaries and family members.
Our experienced attorneys help you comply with all legal requirements for trust administration. We also implement after death tax reduction strategies. Our goal is to conclude trust administration as quickly and inexpensively as possible, and to protect a trustee from claims and personal liability.
Even with the best intentions, people sometimes do not understand the need for an estate plan, wait too long to plan, or do not have an attorney who assists with properly funding their trust. In those cases, our firm steps in and handles probate administration as quickly as legally possible.
We handle inheritance issues and probate cases in every California county. When necessary, we coordinate our cases with out-of-state counsel to probate out-of-state assets.
Our firm has handled over hundreds of millions of dollars in various trust administrations and estate probates.
Frequently Asked Questions (FAQ) Page will answer common questions about probate and trust administration.
Please call (925) 906-1880, toll free at (866) 906-1880, or email us at ContactUs@AcunaRegli.com to schedule a probate or trust administration consultation appointment.