If you have been named as an executor of an estate or the trustee of a trust, you have a special duty of trust and responsibility. You're required to act with the best interests of the beneficiaries in mind, and you must not intentionally do anything or make any decisions that could harm them.
A fiduciary also has to follow the probate code and must communicate honestly and openly with the beneficiaries, gather all property of the estate, and prepare an accounting of all property that passes through the estate.
If you are an executor or trustee, you may need to gather information, sell some assets, or pay some bills. You need to know where to find the information you'll need to get the job done. We’re talking about details here: where to find the checkbook, where to find the previous years' tax returns for comparison and so forth.
Further, if the estate for which you are an executor (or the trust for which you are a trustee) is taxable -- that is, if it's worth more than $3.5 million (or whatever the "estate tax exemption amount" is when the time comes) – you'll need to prepare an estate tax return, file it, and pay the taxes owed.
We pride ourselves on our ability to explain the estate planning process to you in easy-to-understand language. Advanced estate planning techniques can be quite complex and tax-code driven. We understand that you want to fully grasp what we’re doing.
When you hire the Law Office of Janet L. Brewer, you work directly with her, not a novice or an associate with only a few months' experience. When you phone us with questions, we respond quickly.
If you want a responsive, straight-forward approach to choosing or being a fiduciary and you or your fiduciary lives anywhere in the greater San Francisco Bay Area, San Jose, Silicon Valley, or Santa Cruz County, you owe it to yourself and your heirs to phone Janet now. Please call (650) 325-8276 today or Request a Consultation.
Copyright © Law Office of Janet L. Brewer. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.
(650) 325-8276Email Us
Law Office of Janet Brewer
2501 Park Boulevard, Suite 100
Palo Alto, CA 94306
The Law Office of Janet L. Brewer provides comprehensive planning in the areas of Estate Planning, Wills and Trusts, Powers of Attorney, International Estate Planning, Estate Planning for Non-Residents, Probate & Trust Administration, Charitable Planning, Special Needs Planning & Trusts, Estate Tax Planning, Business Succession Planning and Asset Protection for Business Owners and Professionals. Janet has offices in Palo Alto, CA and serves the entire surrounding area, including Palo Alto, Los Altos Hills, Los Altos, Portola Valley, Woodside, Atherton, Menlo Park, East Palo Alto, Mountain View, Sunnyvale and Silicon Valley.
Copyright © IMS. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.
Janet L. Brewer is Certified as a Specialist in Estate Planning and Probate Law by the California State Bar Board of Legal Specialization. Information on this website, including any testimonial or endorsement, does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.