Q: As sole beneficiary & successor trustee of my mothers estate. Do I notify myself like I would another beneficiary?
Notification of death, accounting of assets, etc.
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A:
In your role as the sole beneficiary and successor trustee of your mother's estate under California law, the standard process of notifying beneficiaries can be somewhat streamlined. Given that you are the only beneficiary, there's no legal requirement for you to notify yourself in the same manner as you would for other beneficiaries. However, it's still important to adhere to the duties and responsibilities of a trustee.
As trustee, you're required to manage the estate's affairs. This includes the preparation and maintenance of records, such as an accounting of assets. Even though you're the sole beneficiary, maintaining these records is crucial for legal and financial transparency.
It's also advisable to consult with a legal professional to ensure that you're fulfilling all your obligations as a trustee and to address any specific legal questions or concerns that may arise during the administration of the estate. This step is important to ensure that all actions taken are in compliance with California law and the terms of the trust.
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