A: Probate Code Section 16000 et seq. lays out ALL of the duties trustees have, and there are MANY. Having said that, the most common mistakes made by Successor Trustee are the following: selling assets for below-market value, failing to provide an accounting, self-dealing, unreasonably delaying distributions, failing to follow the trust’s terms, not adquately keeping the beneficiaries informed throughout the process, etc.
Q: What are the most common types of mistakes Successor Trustees make?
by Rose Law Firm of Napa Valley, Inc. | Feb 23, 2022 | Estate Planning, Q&A, Trust And Estate Administration |

Categories
- Annual and Lifetime Gift Tax Exclusions (8)
- Business (10)
- Conservatorships (2)
- Español (3)
- Estate Planning (197)
- Joint Tenancy (3)
- Q&A (226)
- Succession Plan (4)
- Title and Deeds (27)
- Trust And Estate Administration (75)
Recent Posts
- Q: Will the California probate process be the same in 2025?
- Q: Am I allowed to name all of my children as co-trustees of my trust when I pass, or do I have to pick one person to be in charge of carrying out my wishes?
- Q: Am I required to pick one of my beneficiaries as my executor/successor trustee?
- Q: Assuming my estate is large enough, what are some simple steps I can take to potentially reduce federal estate taxes at my death?
- Q: If I die owning a home with a mortgage, will my beneficiaries need to keep paying the mortgage after my death?