Legal Question in Wills and Trusts in California
does the law require assets on schedule A in a living trust to include an amount of each asset?
Asked on 6/09/10, 10:35 am
2 Answers from Attorneys
Frankie Woo
Fiducia Legal
No, you don't need to value the assets on Schedule A.
Answered on 6/09/10, 2:11 pm
Aaron Feldman
Feldman Law Group
No. The assets should be described with sufficient detail so that everyone knows what assets are in the trust. You can identify specific bank accounts by number or investment accounts; property can be idnetified by address, etc.....
Answered on 6/09/10, 2:16 pm
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