A: A Notice of Proposed Action essentially requires a beneficiary to “speak now or forever hold their peace.” California Probate Code sections 16500-16504 permit a trustee to give notice to the beneficiaries of a trust that the trustee intends to take (or not to take) some kind of specified action. After obtaining the consent of the beneficiaries, or waiting at least 45 days, the trustee may proceed with the proposed action without any liability.
Q: What is a Notice of Proposed Action?
by Rose Law Firm of Napa Valley, Inc. | May 25, 2022 | Estate Planning, Q&A |
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