After death, your Estate Plan kicks in & Trust Administration: top estate planning lawyer explains basics of managing a trust 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ to craft an estate plan with an expert California estate planning lawyer team.
When you are gone, will your kids have any idea how to administer the Living Trust (or other Trusts, or IRAs) you so carefully created? What if one of your children or successor trustee dies before you do? Ask your adult children to watch this special legal webinar and plan together for multi-generational wealth. Eliminate the mystery and prepare your family for the future!
DISCLAIMER: This video is not legal advice!
00:00 Intro
00:27 Trust Administration: The Legal Process after Death or Incapacity
01:43 Trusts are not self-executing: They require a human
02:20 Beneficiary of a Trust and Trust Administration Basics
05:47 Reassessment of Real Property: Prop 13 and Prop 19
08:02 What about Probate? Many steps of "Formal" Probate
10:12 What about the Power of Attorney?
12:15 Three Phases of Trust Administration
13:08 Death of Person who Created Trust & Death of a Married Person
15:26 What Can a Trustee Do About Assets Not Held in the Trust?
16:46 Outro and Q&A
👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/
for California Living Trusts, Estate Planning, and Trust Administration.
To learn more about Trust Administration, click here: https://www.cunninghamlegal.com/california-legal-services/trust-administration-law/
To watch this video on our website, click here: https://www.cunninghamlegal.com/legal_webinars/how-do-trusts-work-what-happens-after-death-or-incapacity/
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CONTACT us at https://www.cunninghamlegal.com/california-law-offices/contact/ to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.
WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information
FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!
PHONE: 1-866-988-3956 for a consultation on a California Living Trust!
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