TYPES OF TRUSTS IN CALIFORNIA
-Revocable trusts
-Irrevocable intervivos trusts
-Charitable remainder trusts
-Charitable lead trusts
-Irrevocable life insurance trusts
-Generation-skipping trusts
-Educational trusts

Properly administering a Trust, both during the Trustor’s lifetime and after death, is critical. Assets in a properly funded Trust can be quickly and simply transferred to the intended beneficiaries upon death, without the delay and expense of a probate.
Upon death, trust administration includes the following:

1. IMMEDIATE REVIEW OF THE TRUST,WILL AND ASSETS BY A KNOWLEDGEABLE ATTORNEY TO DETERMINE ANY TAX IMPLICATIONS     OR REQUIREMENTS THAT ARE TIME SENSITIVE;
2. PROCURE THE DATE OF DEATH VALUES OF ALL REAL PROPERTY.
3. MANAGE AND PROTECT THE PROPERTY, INCLUDING THE MAINTENANCE OF APPROPRIATE PROPERTY AND LIABILITY INSURANCE;
4. PREPARE AND RECORD AFFIDAVITS FOR THE REAL PROPERTY TO ESTABLISH THE SUCCESSOR TRUSTEE, NOTIFY THE COUNTY         ASSESSOR OF THE CHANGES IN REAL ESTATE OWNERSHIP RESULTING FROM THE TRUSTOR'S DEATH, AND FILE DOCUMENTS REQUIRED TO AVOID PROPERTY TAX REASSESSMENT WHEN APPLICABLE.

If you currently serve as a Trustee, or named as a Successor Trustee, you should obtain advice from the most qualified professionals who are familiar with current tax law, current developments in Trust law, and the administration of Trusts.