Q: My mother recently passed away and now I am the Successor Trustee of her trust. In a nutshell, what are my primary duties as the Successor Trustee?

by | Sep 28, 2022 | Q&A, Trust And Estate Administration |

A: The three primary duties you will have are the following: (1) the collection, safeguarding and evaluation of the Trust Estate assets; (2) the payment of debts and liabilities of the Trust; and (3) the timely distribution of the remaining Trust assets to the beneficiaries. And remember, California law provides that trustees must “act with the utmost good faith for the benefit of the trust beneficiaries.”