L 0169-2025

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Under California Probate Code 16062, trustees must provide an annual accounting to beneficiaries, except under certain conditions. For example, an accounting wouldnt be required if the trust instrument explicitly waives this requirement.
(a) Where a minor does not have a guardian of the estate, money or other property belonging to the minor may be paid or delivered to a parent of the minor entitled to the custody of the minor to be held in trust for the minor until the minor reaches majority if the requirements of subdivision (c) are satisfied.
California isnt a uniform probate code state. However, there are many other states that follow this code, which regulates how probate works. Whether or not you live in a UPC state can affect any probate process youre tied up in, as well as your own estate planning.
16062. (a) Except as otherwise provided in this section and in Section 16064, the trustee shall account at least annually, at the termination of the trust, and upon a change of trustee, to each beneficiary to whom income or principal is required or authorized in the trustees discretion to be currently distributed.
Californias new probate law makes the process easier and allows for a smoother transition of the decedents estate to their successors. The law goes into effect in April 2025. Some key components of the new law are as follows: Allows for a simple transfer of primary residences of up to $750,000 from decedent to heirs.
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15212. A trust for the care of a designated domestic or pet animal may be performed by the trustee for the life of the animal, whether or not there is a beneficiary who can seek enforcement or termination of the trust and whether or not the terms of the trust contemplate a longer duration.
California Code, Probate Code - PROB 4128. A durable power of attorney is an important legal document. By signing the durable power of attorney, you are authorizing another person to act for you, the principal.

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