Legal Question in Wills and Trusts in California
Is there a required waiting period before the trustee of a living trust can begin distribution of the assets in california?
Asked on 4/12/11, 11:43 am
2 Answers from Attorneys
Aaron Feldman
Feldman Law Group
There is usually a minimum of 120 days to allow for notice to creditors and beneficiaries in case there is some challenge. There can be a partial distribution with funds held back for payment of claims or taxes. Some trusts have complicated assets and liquidating those assets can take time. If you are on good terms with the trustee, you should ask about timing of distributions. Or, retain a lawyer to assist you.
Answered on 4/12/11, 12:43 pm
Anthony Roach
Law Office of Anthony A. Roach
It's also going to depend on the terms of the trust.
Answered on 4/12/11, 1:43 pm
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