Related Definitions
What is a Designated Beneficiary?
A person or entity specifically named in a will, trust, or retirement plan to receive assets.
An individual or entity named to receive benefits from a financial account, trust, or estate upon the account holder’s death. Designated beneficiaries can include a wide range of individuals, such as family members, friends, charities, or trusts. The designation allows assets to bypass probate, ensuring a direct transfer to the beneficiary, and can be a crucial aspect of estate planning to streamline the distribution process.
Overseeing Probate Administration?
RMO can guide you through the complexities of probate processes.
Serving clients across California and Texas
Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- Trustees
- 13 min read
How to Handle a Trustee Not Acting in Beneficiaries’ Best Interest
- Published on
Executive Summary Learning How to Address a Trustee Not Acting in a Beneficiary’s Best Interest A trustee not acting in the beneficiaries’ best interest [...]
- Trust Administration
- 8 min read
Affidavit of Successor Trustee California: What to Know
- Published on
Key Takeaways Introduction A successor trustee is an individual who takes over the administration of an estate from the originally identified trustee after they [...]
- Trustees
- 16 min read
Co-Trustee Problems: Common Disputes and Resolutions
- Published on
Key Takeaways What Are Co-Trustees Co-trusteeship refers to the appointment of multiple trustees to manage and administer a trust, which is a legal arrangement [...]
- Breach of Fiduciary Duty
- 13 min read
What Constitutes a Breach of Fiduciary Duty?
- Published on
Key Takeaways Introduction When a professional serves in a fiduciary role they have a responsibility to do the best possible job for the client [...]
- Probate Estate Litigation
- 13 min read
What Questions To Ask a Probate Attorney
- Published on
Key Takeaways Introduction A probate attorney is a valuable resource during the probate and estate administration process. Depending on your needs, they can support [...]
- Will Contest
- 12 min read
How Long Do You Have To Contest a Will or Trust in California?
- Published on
Key Takeaways Introduction If you are planning on contesting a will or trust in California, there are specific deadlines you must follow for your [...]
- Probate Litigation
- 11 min read
Strategies for Minimizing Probate Costs in High-Value Estates
- Published on
Executive summary Introduction Probate can be a helpful process for distributing the estate assets of a deceased individual to the rightful heirs and beneficiaries. [...]
- Trustees
- 14 min read
California Successor Trustee Checklist
- Published on
Key Takeaways Introduction A successor trustee is the individual first in line to take over the administration of a trust when the initial trustee [...]
- Probate Administration
- 11 min read
Probate & Non-Probate Assets in California: What to Know
- Published on
Executive Summary Learning About Probate & Non-Probate Assets in California Even when times are difficult, managing estate assets efficiently is essential to avoid legal [...]
- Estate Administration
- 13 min read
Testate vs. Intestate: Key Differences
- Published on
Key Takeaways Introduction Probate is a complex process that involves managing a deceased person’s assets and distributing them from their estate to identified beneficiaries. [...]
- Probate Litigation
- 13 min read
How to Contest a Will in California
- Published on
Key Takeaways Understanding Will Contests A will contest is the legal process of challenging the validity of the legal document stating how a person, [...]
- Probate Litigation
- 9 min read
How to Handle Undisclosed or Hidden Assets in Probate Litigation
- Published on
Executive Summary Introduction The probate administration process is the court process by which a decedent’s creditors are paid and their remaining assets are distributed [...]