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TRUST ADMINISTRATION

 

   Living trusts generally provide an orderly administration of an estate without going through probate. During the administration phase, however, certain legal duties and formalities must be followed, of which a successor trustee may be unaware. Successor trustees may also be confronted with complex legal and tax issues. To ensure that your trust is administered smoothly and properly, consider having our firm administer your trust.

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Our Services

Durable Power of Attorney    Children Guardianships

Limited Liability Company     Health Care Directive

Trust Administration             Corporations

Living Trusts                        Probate               Wills

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Experience & Commitment

Experience       About Cynthia         About Greg

Commitment     Testimonials

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Philanthropy

   Flahive Law Corporation financially supports many charitable organizations. Members of the firm also volunteer their time to support events with these organizations. We believe that as an active member of our society, its our duty to contribute to our community.

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Alliance

   Flahive Law Corporation has formed key strategic alliances with other companies that may be able to provide valuable services to you.

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Education Center

   Flahive Law Corporation’s Education Center allows you to access the information you need to research your legal questions to make informed decisions. With our education center, you find useful information related to estate planning, family law, bankruptcy, business planning, and IRS tax debt.

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Press Releases and Blogs

   Gregory and Cynthia Flahive and their team of experienced attorneys have dedicated their practice to providing you outstanding legal representation. They frequently post information in the media to better educate you. Visit back often to check for updated information you need to know.

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The firm is a proud member of the Better Business Bureau.

 

 

 

 

 

The firm is also a proud member of the American Bar Association

 

 

 

 

   Upon a person's death, there are many steps that need to be taken in accordance to California laws to properly administer their Living Trust. The California Probate Code requires notification by trustee to beneficiaries of the person who passed away as the first step. California also requires a trustee to give notice of death to the Department of Health Services as it relates to Medi-Cal benefits. This notice allows the Department of Health Services to determine whether the decedent was receiving Medi-Cal benefits and if there is any right by the state for reimbursement.

 

 

 

   Real property assets held in trust need to have titled cleared to make sure all assets have been properly funded into the trust. An Affidavit of Death is commonly filed along with other Trust Transfer Deeds to properly distribute the property as directed by the trust. Trust assets need to be appraised and otherwise handled. Tax issues need to be considered and handled with our firm. Lastly, it is prudent to wrap up the administration of a Living Trust with an agreement signed by the trustee and all of the beneficiaries to protect the parties.

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