Legal Question in Wills and Trusts in California
trustee
when do you tell the trustee what your assets are. we recently picked a friend to be the trustee of our daughter' trust fund
we are setting up a ''spendthrift trust'' for our daughter . we have selected a trustworthy friend as a trustee. when do we tell her of all our assets and how soon. we are in our seventies and would like to have everything in order so we can have peace of mind.
Asked on 1/12/09, 11:46 am
1 Answer from Attorneys
Joel Selik
www.SelikLaw.com
Re: trustee
Based on the facts you present, now would be a good time to have a meeting with the trustee, and perhaps introduce the trustee to the attorney.
Answered on 1/12/09, 11:49 am
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