"Thank you very much for taking over our tax return preparation! It’s been a very pleasant experience for us and we look forward to more opportunities in our business development with you. "
- Tom and Krystle K. | TestimonialsDuring your lifetime, you will serve as the Trustee to your Living Trust. A successor trustee will step in only in the event that you (or if married, you and your spouse) become incapacitated or pass away. It is very important that your Successor Trustee meet with a Sacramento Trust Attorney such as Duncan Law | Duncan Tax to assure that he or she complies with all of the legal requirements as well as properly carries out the directions given by you in your Living Trust, Will and other estate planning documents.
If you are a successor trustee, our job is to assist you in carrying out your duties as trustee. We will assist you in collecting and valuing assets, paying debts and taxes and prepare the necessary transfer documents in connection with the eventual distribution of trust property to the appropriate beneficiaries. By having our law and tax firm under the same roof, we are able to give you advice concerning tax matters and prepare any required estate tax returns. If you so request, we can also prepare fiduciary income tax returns for the various trusts.
There are many legal requirements for the trustee when a trust becomes irrevocable. Sacramento Trust Attorney, Duncan Law | Duncan Tax has extensive experience in California trust administration. Call our office today to set up a consultation with one of our expert attorneys.
