Legal Question in Wills and Trusts in California
As a lifetime estate tenant, I am obligated to get homeowner's full insurance policy but my brother, the Trustee insists on calling my insurance company with threats to place the remaindermen on my policy as "additional interest". Is there a CA code or law that states in writing that I am not obligated to provide insurance for remaindermen? My siblings have no interest in making the critical repairs to this house, so if something catastrophic were to happen, if they are on my policy that I am paying, the agent claimed that we (four of us) would get a check of 25% each for the repair of the house. Yet my siblings are hell bent on getting me out of this house so they could sell the house "as is", so they have no regard to keeping this house in shape for my lifetime tenancy.
1 Answer from Attorneys
The Trustee, as the agent for the Trust, should be named as the beneficiary. This assumes the house is owned by the Trust, of course. The Trustee is on the hook to maintain the property for the benefit of the beneficiaries.
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.
