There was a problem adding this course to your account. Please try again in a few minutes. If the problem persists, you can contact our support department at (877) 880-1335.
Adding Registration, Please wait...
You must be logged in to perform this action.
Log in
Cancel
Settlor Incapacity and Filling A Trust’s “Empty Chairs”
Trusts and Estates Quarterly; Vol. 29, Issue 4 (2023)
Recent amendments to Probate Code sections 15800 and 16069, adopting Assembly Bill No. 1079 (Stats. 2021, ch. 749) effective January 1, 2022, change the duties of trustees to disclose information to beneficiaries upon the incompetence of a trust’s settlor. These are some of the most significant recent changes to California trust law. These reforms address the so-called “empty chair problem,” where the settlor, who typically holds the power of trust revocation, is incompetent and, thus, leaves empty the “chair” of the person to whom the trustee’s duties flow. The new provisions aim to limit the class of beneficiaries who fill this “chair” and are thus entitled to certain trust information under the Probate Code, including a copy of the terms of the trust upon request, information related to the administration upon reasonable request, and annual and other trust accountings.
1 Self-Study Credit
All
Standard
Non-Member
$20.00
Customers Who Bought This Item Also Bought
(Self Study Articles) Trustee’s Obligation to Maintain Impartiality in Trust Litigation: Zahnleuter V. Mueller (2023) 88 Cal.App.5th 1294
(Self Study Articles) When Should An Irc Section 645 Election Be Made? Almost Always!
(Self Study Articles) Is Probate Dying? A Look At Ab 2016 And A Survey Of Probate Administration Statutes For California Practitioners Preparing For The Future
(Self Study Articles) Creation, Exercise, and Transfer Tax Considerations Of Powers Of Appointment
(Self Study Articles) Risk Mitigation Strategies for the Successor Trustee
(Self Study Articles) The Rise of The Revocable Trust In California
(Self Study Articles) The Snitch Who Stole Biz’ness: The New Ethics Reporting Rule
(Self Study Articles) Your AI Attorney Will See You Now
(Self Study Articles) Combining Trusts to Reduce Complexity And Costs Can Be Harder Than You Think
(Self Study Articles) International Estate Planning: Traps and Tips for the Domestic Estate Planner
(Self Study Articles) Can I Drive Home After Happy Hour? Have Booze and Cannabis Changed Things?
(Self Study Articles) Promoting Inclusion and Diversity in the Intellectual Property Bar and Beyond
We are committed to accessibility! All OnDemand programs after January 1, 2022 include closed captioning. To request closed captioning for a program older than January 1, 2022, send us a note at accessibility@calawyers.org or contact us at 916-516-1760 for assistance.
Adding Registration, Please wait...
