My sister and I both beneficiaries of a property in California. My sister is the trustee and she transfer that paid for property into her name only. Am I no longer a beneficiary of that property?
There are several carriers that I am aware of that will write Trustee Liability. Some of which include Great American, Beazley and Houston Casualty. Premiums depend on trust size and the revenue derived from their operations. Expect minimum premiums that likely begin around $2000-$2500 and higher. My firm can place this business for anyone in the 25 states that we are licensed in. All of New England, CA, FL, CO, PA, NY, CT, SC, NC, GA, & others.
can the executor of the estate or a beneficary of the estate legally have a birthday party inside the vacant estate house,most of the belongings are still in the house,no one resides there,4 of the 6 beneficiaries plus 16 other people will be there,partying it up drinking,using the water,hydro sitting on the furniture,ect, can charges be pressed on anyone or all of them or are they allowed to be there and do what they want?
Which insurers offer trustee liability in California, and can you also name some brokers in California that work in the trustee area? Thank you.
I am a trustee for a family member of a small $100,000.00 trust. What would be my cost to insure against legal and or other liability?
Thanks,
JTWirth
Minimum premiums tend to be around $2500.
Who would I purchase a policy from?
Can you list some insurers in Texas who could provide this sort of insurance and a coupel of brokers as well?
My sister and I both beneficiaries of a property in California. My sister is the trustee and she transfer that paid for property into her name only. Am I no longer a beneficiary of that property?
There are several carriers that I am aware of that will write Trustee Liability. Some of which include Great American, Beazley and Houston Casualty. Premiums depend on trust size and the revenue derived from their operations. Expect minimum premiums that likely begin around $2000-$2500 and higher. My firm can place this business for anyone in the 25 states that we are licensed in. All of New England, CA, FL, CO, PA, NY, CT, SC, NC, GA, & others.
Who pays for the premiums trustee or trust? Premiums are monthly or per year?
can the executor of the estate or a beneficary of the estate legally have a birthday party inside the vacant estate house,most of the belongings are still in the house,no one resides there,4 of the 6 beneficiaries plus 16 other people will be there,partying it up drinking,using the water,hydro sitting on the furniture,ect, can charges be pressed on anyone or all of them or are they allowed to be there and do what they want?
Who pays the premium, the trust or the trustee?