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• 1. E

     Can a Trustee Indemnify Himself Against Debt Collection?

     Here's the rub....My attorney directly advised me no notice to creditors was necessary in the state of California. His statement on this point was in response to my direct question specifically about this matter. So, I did not. However, as I said no more bills were received after May 2017. What...

     • edkrane
     • Post #10
     • Nov 24, 2019
     • Forum: Wills, Trusts and Estate Planning
  2. E

     Can a Trustee Indemnify Himself Against Debt Collection?

     Thanks for your reply...My attorney advised me..."there is no California law requiring a Trustee to publish a notice to creditors...you don't have to do it." The estate was not probated since it qualified as a Small Estate in California, and all beneficiaries were in agreement on all matters...

     • edkrane
     • Post #9
     • Nov 24, 2019
     • Forum: Wills, Trusts and Estate Planning
  3. E

     Can a Trustee Indemnify Himself Against Debt Collection?

     After my father's passing in 2016, I became Successor Trustee for his simple Trust. Per attorney advice, the estate qualified as a Small Estate and thus non-probated, and all beneficiaries have been in full agreement as to disbursements of assets. I paid all his outstanding bills and taxes for 2...

     • edkrane
     • Thread
     • Nov 24, 2019
     • Replies: 9
     • Forum: Wills, Trusts and Estate Planning