How do I dissolve a revocable trust in California?
How do I dissolve a revocable trust in California?
Draft a dissolution document according to California Probate Code Section 15401 if no other dissolution procedure is specified. Identify the trust by naming the settlor or settlors and its date of creation. Declare the trust dissolved and provide the day and year of dissolution.
How do I know if I am a beneficiary of a trust?
Contact the trustee, who is the person responsible for managing the trust and distributing the trust’s assets according to the instructions provided by the settlor. The trustee can provide a list of the trust’s beneficiaries or confirm a specific name if you’re searching by person.
Is a trust an inheritance?
If you are expecting an inheritance from parents or other family members, suggest they set up a trust to deal with their assets. A trust allows you to pass assets to beneficiaries after your death without having to go through probate. An irrevocable trust usually ties up the assets until the grantor dies.
