Tag Archives: california trustee
What is a “Pour-Over” Will (or Devise)?
A VALID “POUR-OVER” WILL ADDS PROPERTY TO THE TESTATOR’S TRUST AT THE TIME OF DEATH In California, a person can add property to a trust (or even create a trust) in his or her will. The term for this type of will (or provision in a will) is a “pour-over” because it “pours” the property… Read More »
What is a Professional Trustee?
WHAT IS A PROFESSIONAL TRUSTEE? A trustee is the person (or entity, acting through an authorized individual representative) that manages trust property (also known as the trust estate). In the case of family trusts or individuals’ private trusts, the trustee usually is a private individual, either the settlor or one of the settlor’s friends or… Read More »
