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When You Are Serving as Trustee – The Value of a Trust Accounting
If someone dies and you find yourself the trustee of trust, you might want to skip the trust accounting to cut costs and reduce the workload. Don’t. Probate Code Section 16060-16064 requires trustees to account to beneficiaries and provide them with information about the trustee’s administrative decisions and acts. Keeping detailed and accurate records, as…
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What to Do When Someone Dies – Practical Advice
The death of a loved one can be overwhelming. The following checklist can provide a starting point and direction. Hospice, mortuaries, your attorney and CPA can provide additional support and resources. • Notify immediate family and loved ones• Deal with donation of bodily organs to an “organ bank,” if requested by your loved one.• Notify…
