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Posts tagged "problem trust beneficiaries"

Trust Disputes: The Problem of Problem Living Trust Beneficiaries

Revocable or "Living" Trusts have become wildly popular in California as an alternate mechanism to wills for transferring a family's wealth to the next generation.  Lawyers who practice estate planning often tout trusts as a simpler and cheaper way to handle an estate.  However, trusts are not without problems of their own and trusts are far from a panacea.  Trusts are designed so that one or more "successor-trustees" can administer the trust and carry out its provisions without the need for court involvement.  In this way the trust "avoids probate" which is the main advantage of a trust as opposed to a will.

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