Assure that the appropriate California and Federal Income tax returns, including the estate/gift tax return, are filled out properly and filed on time.
Treat beneficiaries impartially while respecting individual personalities
Marshal all banks, brokerages and real estate properties in the trust name
Invest trust assets reasonably based on your wishes
Divide the assets to marshal/exemption trusts
Communicate to your beneficiaries on a regular basis regardless of legal duties to do so
Manage any and all creditors’ claims
Manage real estate rental properties
Assist in liquidating real estate
Trustee fees are 1% (annually) of the value of the trust (Alternate trustee fee schedules may be negotiated)
Administration of the estate: fees are determined by CA Probate Code Section 10810
Hourly rates for all other listed activity is $225
B. Hong Pro Fiduciary
B. Hong Investigations
PO Box 31051
San Francisco, CA 94131
US