![121: What Happens When a Trustee, Executor, or Beneficiary Dies?](https://absolutetrustcounsel.com/wp-content/uploads/2024/01/ATC-ATT-Live-Event-Episode-121-Show-Notes-Banner-1200-x-900-px.png)
![121: What Happens When a Trustee, Executor, or Beneficiary Dies?](https://absolutetrustcounsel.com/wp-content/uploads/2024/01/ATC-ATT-Live-Event-Episode-121-Show-Notes-Banner-1200-x-900-px.png)
![119: Tools and Tips for Preparing an Accounting with Heather Hamilton](https://absolutetrustcounsel.com/wp-content/uploads/2023/12/ATC-ATT-Live-Event-Episode-119-Show-Notes-Banner.png)
If you’re someone who is serving in the role of trustee, executor, conservator, or guardian, acting as a personal representative for someone’s estate in California, did you know that the state has specific guidelines for probate accounting? According to section 16062, the California probate code requires representatives to provide an accounting at least once a year. The purpose is usually…
![Common Issues that Arise in Administering a Trust that Holds Real Property: Part II](https://absolutetrustcounsel.com/wp-content/uploads/2023/10/two-men-and-a-woman-seated-at-a-coffee-shop-table-2022-03-04-02-06-50-utc-770x406.jpg)
For this four-part series, we are discussing very common scenarios that we see in our trust administrations where real estate is involved. Real estate, particularly the family home, often has emotional and sentimental components that throw a wrench in trust administrations. Beneficiaries often have different ideas of what to do with the family home. We will continue using the same…
![Heggstad Petitions – What are they and how are they useful?](https://absolutetrustcounsel.com/wp-content/uploads/2023/02/time-2022-11-15-02-59-35-utc-scaled-e1676409570747-770x406.jpg)
History Heggstad petitions are named after the California court case, Estate of Heggstad. Mr. Heggstad created a living trust and identified the assets he wanted in the trust by filling out a schedule of assets attached to his trust. Unfortunately, Mr. Heggstad died before he could retitle those assets into the name of his trust. Wanting to avoid a full probate…
![MyHealthAngel Webinar: Top 6 Legacy Planning Questions](https://absolutetrustcounsel.com/wp-content/uploads/2022/12/Picture1.png)
![Kirsten Howe Interview on Fading Memories Podcast Blog: What Every Trustee & Beneficiary Needs to Know](https://absolutetrustcounsel.com/wp-content/uploads/2022/05/Kirsten-Howe-Fading-Memories-Blog-Graphics-2-770x406.png)
![086: Trust Failures: Don’t Let This Happen to You! (Continued!!)](https://absolutetrustcounsel.com/wp-content/uploads/2022/05/APOP-86.png)
![Why Do I Have to File a Probate if My Family Member Had a Trust?](https://absolutetrustcounsel.com/wp-content/uploads/2022/05/asian-loving-daughter-comforts-upset-elderly-mothe-2021-12-09-17-02-15-utc-770x406.jpg)
In California, owning assets in a revocable trust enables your family to avoid probate, a court process used to transfer assets to beneficiaries of a will or the decedent’s heirs. One of the main reasons to create a trust is to avoid probate. Unfortunately, more often than we would like, when we assist clients with trust administration after the death…
When people write down their assets in conjunction with their estate planning, they often overlook their digital assets. Digital assets are considered to be any electronic record that you own or control. This can include Venmo, PayPal, Zelle, or other online accounts. It can also include cryptocurrency, such as Bitcoin, social media pages, online photos, email accounts, credit card rewards,…
Estate planning is not just for seniors. Ideally, as soon as you turn eighteen you should have some version of an estate plan because your parents are no longer automatically able to make decisions or act on your behalf. There are several reasons to create a power of attorney for finances once you turn eighteen. For example, the military helps…