Fundamentals of California Trust Administration
About this bundle
The Fundamentals of California Trust Administration is 13-one-hour courses hosted by top California attorneys and professionals on the necessary steps to administer all types of California trusts properly.
What You Will Learn
Who is this bundle for:
- Special Needs Planning Attorneys
- Estate Planning Attorneys
- Professional Fiduciaries
- Families of Persons of Disabilities
This course also includes:
- Full Lifetime Access
- Resources & Materials
- Certificate of Completion
Included Courses
Introduction to California Trust Administration
The Fundamentals of California Trust Administration is divided into 13 one-hour webinar sessions taught by the best California attorneys and professionals to identify the important issues when administering a California trust.
Administering Single Person Trust or Second to Die Trust After Death
Learn the basics in administering a trust after the settlor’s death. We will cover what forms to file with the county, what notices need to go to the beneficiaries, what are the trustee responsibilities to the beneficiaries, and more.
Trustee's Recordkeeping and Accounting Requirements
This course describes the Trustee’s often-overlooked record-keeping and accounting duties. Yet, the failure to meet these responsibilities can be dire, especially when audited by a beneficiary, their family, successors, or others.
Subtrust Allocation and Funding at Death of First Spouse in Joint Trust
This program will provide an overview of issues to consider when funding subtrusts of a revocable trust after a first spouse’s death, including identifying and understanding marital deduction formulas, timing of funding, tax considerations, and more.
Overview of Trustee's Legal Duties
An overview of all the Trustee's legal duties in administering a California trust. This program summarizes the different legal duties a trustee will encounter during trust administration.
Investment and Management of Trust Assets
This program discusses the financial planning needed to comply with the requirements of the Prudent Investment Act, the trust document, and California law.
Trust Principal and Income Determinations
The difference between a trust’s principal and income may seem obvious. But, as the administration process unfolds, the line often starts to blur. This webinar seeks to restore a trustee’s clarity in making principal-income determinations.
Creditor Claims Against Trust Estate
When a person dies, creditors can hold their trust responsible for paying their outstanding debts. Similarly, creditors may be able to collect payment for the outstanding debts of beneficiaries from the distributions they receive from the trust.
Fiduciary Income and Estate Taxation
Fiduciary income taxation is the income taxation of trusts and is contrasted with the estate tax. Fiduciary income taxation is the income taxation of assets in a person’s trust. Estate taxation looks at the value of a person’s estate at death.
Trustee and Attorney Compensation
Trustee and attorneys compensation for trust administration is subject to a variety of rules. This program provides the information the professional needs to stay out of trouble and be fairly compensated.
Court Proceedings in Trust Administration
This session covers the times that court pleadings may be necessary as part of a trust administration. This includes petitions for instructions, defending the trustee and much more.
Creating Checklists, Calendaring Deadlines, and Summarizing Rules
Trust administration is driven by deadlines, checklists, and rules. This program provides a plethora of each to aid in the administration of California trusts.
Managing Challenging Trust Assets
During trust administration, there are a host of assets that can be challenging to administer, including homes, businesses, vehicles, and more.