• How it Works

  • Once the purpose and type of trust has been established, and the proper planning for the provisions of the trust are made, then the trust documents are signed. It is not unusual for the purpose and plan for the trust to change overtime, so the process of “purpose” and “planning” can be repeated over time. Major life events that require revisiting this process are usually a birth, death, divorce or marriage. So whether for the initial trust and documents, or as amended, the trustee must then carry out the provisions of the trust and must perform the duties timely and accurately. Often the trust provides for information to be provided to the beneficiaries in informal communication or a more formal accounting as outlined in the Probate Code. In any event, the scope and the nature of the trustee duties is defined by the trust agreement and usually includes the following areas: