Successor Trustee Responsibilities Guide

Summary

As a successor trustee in California, you must obtain the death certificate, notify beneficiaries, inventory assets, pay debts, and distribute assets. If trust assets are missing, review documents, contact financial institutions, check tax returns, and consult an attorney.

Full Conversation

What if I can't find trust assets
If you can't find trust assets, consider the following steps:
- Review all available documents: Look for any records your parent might have kept.
- Contact financial institutions: Banks, investment firms, and insurance companies your parent dealt with.
- Check tax returns: They could list interest, dividends, or asset sales.
- Consult with an attorney: They can help you locate and manage trust assets.
Would you like more details on any of these steps?