Orange County Estate Planning Lawyer BlogArticles Posted in Administration of trusts and probate estates
Trusts-Accounting-Personal Property Procedures
TRUSTS – ACCOUNTING-
PERSONAL PROPERTY PROCEDURES
By: David L. Crockett, Attorney, CPA
YOU WILL NEED TO FUND YOUR LIVING TRUST
David L. Crockett, Attorney, CPA, UCLA Law School , J.D. ’69, UC Berkeley ’66
901 Dove St., Ste 120, Newport Beach, CA 92660 Phone: 949-851-1771
Email: David@CLCNewport.com
TAX RETURNS TO FILE FOR REVOCABLE (LIVING) TRUSTS
By: David L. Crockett, Attorney, CPA
UCLA Law School , J.D. ’69, UC Berkeley ’66
901 Dove St., Ste 120, Newport Beach, CA 92660
16 PITFALLS IN TRUST ADMINISTRATION
GENERIC OUTLINE OF BASIC TRUST ADMINISTRATION STEPS:
(Each step of administration can create serious pitfalls and problems if ignored)
1. Study of the trust documents to determine specific instructions i.e. what to do on death of first or second spouse as the case may be.
TRUSTS-HOW TO PREPARE A FORMAL NON-COURT ACCOUNTING
TRUSTS – ACCOUNTING-HOW TO PREPARE A FORMAL
NON- COURT ACCOUNTING
By: David L. Crockett, Attorney, CPA
PROFESSIONAL FIDUCIARY AS TRUSTEE
PROFESSIONAL FIDUCIARY
AS THE TRUSTEE OF A TRUST
By: David L. Crockett, Attorney, CPA
How to Transfer Bank Accounts into Your Living Trust
HOW TO TRANSFER BANK ACCOUNTS INTO
YOUR LIVING TRUST
By: David L. Crockett, Attorney, CPA
HOW TO ACCESS CASH ON DEATH (CASH AVAILABILITY PLANNING)
HOW TO ACCESS CASH ON DEATH
(CASH AVAILABILITY PLANNING)
By: David L. Crockett, Attorney, CPA
Protected: Trusts-duty to account to beneficiaries & types of accounting
TRUSTS – DUTY TO ACCOUNT TO BENEFICIARIES & TYPES OF ACCOUNTING
By: David L. Crockett, Attorney, CPA
Types of Accounting: Trust accounting may be (1) Informal; (2) Formal (non-court) according to Probate Code §16063 format; or (3) Court accounting according to Probate Code §1060 et. seq. requirements. The trust accounting is to be prepared by the Trustee and/or under his/her authorization.
