Law Offices of Roshni T. Desai
Long-term Planning For Orange County

trust administration Archives

Who does a trust benefit?

In California, there are many laws governing trusts. Who are they used for? Who can they benefit, and how can you set one up? These are just a few of the valid questions you may be asking yourself. Today, we will examine who can benefit from a trust.

Are you breaching your fiduciary duty?

If you agreed to be the executor of someone’s California estate or the trustee for a trust someone set up, this makes you a fiduciary. FindLaw explains that as a fiduciary, you must act in the best interests of the estate or trust and its ultimate heirs or beneficiaries. You may not and must not act in your own interests.

The basics of a first-party special needs trust

At the Law Offices of Roshni T. Desai, we understand that there are many ways to plan your estate, ranging from writing a last will and testament to setting up a trust. As you and other California residents may know, there are many types of trusts you can consider, which can benefit you and other family members in many ways. One type of trust, the special needs trust, is meant to protect the assets of someone with disabilities and allow him or her to stay eligible for Medicaid and other forms of government assistance.

How can I choose the right trustee?

A trust is just one estate planning tool that can be highly beneficial when it comes to managing your assets after you’re gone. However, selecting the right trustee to manage your affairs is usually a daunting task, especially when you have a complex financial situation. AARP recommends the following tips when looking for a trustee to ensure your best interests are kept in mind throughout the process.