A Living Trust Attorney Can Help You With Trust Administration

1st Dec 2015 – A Living Trust Attorney Long Beach CA will be needed to help the Trust Administration. What exactly is

that asks a Living Trust Lawyer? Basically, you first would have had to have prepared a Living Trust. This Living Trust,

explains a Living Trust Attorney, would have many provisions as to what is to be done among who gets what property

both real and personal.

There are many deadlines in which to comply with the estate law and what must be done in the Trust Administration.

Many time, explains a Living Trust Lawyer, there are parties in the Living Trust that are disputing or arguing over one

thing or another and there must be negotiations directly between those beneficiaries or parties in dispute or

negotiations between the attorneys.

Watch A Living Trust Lawyer, speak about Trust Administration

The Living Trust Attorney Long Beach CA must first review the Living Trust that is brought to his or her office. a Living

Trust Attorney states that many times the Living Trust will take some time to review as sometimes it was made many

years ago. Other times, it was not made by A Living Trust Attorney Long Beach CA and yet other times it may have

been made by A Living Trust Attorney Long Beach CA , but had many ambiguities and was not prepared correctly. For

example, a Living Trust Lawyer, gives an example. In one case, the mother (which had died), had several properties and

apartment buildings, and wanted the three sons to share in all the properties. However, the Living Trust Lawyer

explains that it was not clear in the Living Trust whether each brother was to have 33% ownership of each particular

property, or rather, whether each brother was to have 1/3rd as best as could be divided of all the properties. This

would have taken a simple Pro-rata description and designation in the Living Trust, but it was not there. Thus, the Living

Trust Lawyer had to see that the brother’s were not getting along and would have fought the rest of their lives if they

had 33% of each building. Thus, a pro-rata in kind share was taken (even though the ambiguity existed how to do this in

the Living Trust.) This item alone, explains A Living Trust Lawyer, took months of negotiations to work through.

The Living Trust Attorney also has to sit down with the Trustee’s or the Co-trustees in order to explain what their rights

and duties and obligations. Many times Trustee’s who are also the beneficiaries will become very greedy and want

everything they can get for themselves without regard to what the settlor of the Living Trust wanted. The Living Trust

Attorney Long Beach CA explains A Living Trust Attorney must make note of what the Trustee or Co-trustee is doing and

properly inform them if it is violating the fiduciary duties of the particular Trustee and what must be done to correct

the situation in order to avoid a court battle.

Clearly, the Living Trust Attorney sometimes is not only to administer the Living Trust by doing what is required, but

also to act as a mediator. Sometimes (and unfortunately), the beneficiaries and/or trustee’s get in very heated battles

about what the settlor wanted and did not want. All the more reason the Living Trust Lawyer should have prepared the

Living Trust as carefully as possible and in a manner that would allow relatively simple administration of the Trust.

a Living Trust Lawyer also states that a significant part of the administration of the Trust is to properly take the real

property out of the Living Trust and record it to the proper beneficiary as agreed upon. Thus, make sure the Living Trust

Lawyer knows what they are doing when they create the Living Trust in the first place and then the Living Trust

Attorney is able to help with the Trust Administration.

About the Company:

Law Offices of Brian D. Lerner, APC have years of experience in protecting the families by helping them to prepare living

trusts, last will and testaments, durable power of attorney, health care directives & other matters related to estate

planning in California. Located in Long Beach, their firm can prepare complete estate planning package for married

couples, single people and divorced spouses.

Contact Information:

Law Offices of Brian D. Lerner, APC

3233 E. Broadway

Long Beach,

California, USA

90803

Email: blerner@estateplanningattorneylawyer.com

Website: http://estateplanningattorneylawyer.com/