Legal Question in Wills and Trusts in California
Helping with Successor Trustee
I originally was named Successor Trustee w/40% share of the proceeds of my father's will. Two yrs. after this original will he made a codicil and wrote me out all together and gave my full share to my older sister and designated alternate trustee. I did not know this until he died. Now my sister needs help to deal with his tenants and possible liquidation of his assets and I don't know how to proceed. If I hep am I going against his wishes as detailed in his codicil? I want to help but I do not want to get shafted again by my sister. I am thinking of signing on as a business-partner and setting a dollar amount for my services. Can I do this and if I can what are the limitations? We are meeting tonight to discuss. She has already caused bad feelings with the current tenant who had a verbal agreement with my dad but my sister now wants to raise the rent and/or sell the property. She needs alot of help in flipping this property which I can provide. My sister has already garnished a complaint form the local housing authoritity due to her insensitivity to her tenant.
Thank you for your advice.
2 Answers from Attorneys
Re: Helping with Successor Trustee
It sounds like a business deal between the two of you is the best and safest means. It may depend, however, on the wording of the codicil.
Please feel free to contact our office to set up a free consultation with Attorney Anthony Grossman.
Please also feel free to learn more about Trusts and Wills on our firm's website at No-Probate.com.
Regards,
Scott
Re: Helping with Successor Trustee
We may be able to legally assist you in this matter, but we would need further information and clarification on your factual details submitted so far. For a free phone consultation, contact us directly today.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
