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Trust Beneficiary Receipts and Releases


When a Trustee is ready to terminate a Trust and make distributions to the Trust beneficiaries, it is important that a written Receipt And Release signed by the beneficiary is obtained.  Oftentimes a Trustee will ask why is this necessary as there will be a cancelled check that is evidence of the distribution to the Trust […]
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My Trusted Trustee Has Gone Bad!


In some unfortunate cases, a trustee of a trust may fail to follow the terms of the trust or may take actions inconsistent with their fiduciary duty as a trustee.  Fortunately, Nevada law provides several remedies when a trustee beaches his or her fiduciary duty to the beneficiaries: NRS 163.115 allows a beneficiary or co-trustee to […]
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Trustee Incapacity and the Los Angeles Clippers


Donald Sterling and the Los Angeles Clippers have been in and out of the news for several months now.  There was some conclusion last week when Mrs. Shelly Sterling was successful in her attempt to take control of the Sterling Family Trust as sole Trustee.  This opens the door to Mrs. Sterling being able complete the sale […]
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