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California Trust

California TrustWhat is the position of a co-trustee of a trust in California?

I am co-trustee of a trust suviorship, the recent decision were made about beneficary without my knowledge or consent. A lawyer who is administering the trust said that co-trustee's consent is not necessary and a co-trustee is strictly administrative, establishment of accounts, etc.

If the owner of the trust is still alive you have no voice, they can make all the changes they want until they die. After the position of co-trustee will be defined in the indenture. There is no legal document that says the public work of co-trustee is XYZ. It is stated in the deed of trust (which is a private legal document).

In other words ... my grandmother could say that confidence as co-trustee, it is my responsibility to sign on what ever does the main trustee of the funds and dispursments ... but trust your grandmother might say that as co-trustee, it is your responsibility to perform administrative tasks for the primary trustee. It is different for everyone.

I do not know

Posted on January 22, 2010.
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