The Special Trustee of my Fathers Estate was the CPA for our family Corp. He did Corp Tax returns. He states my father died with no Assets. Why did we need a Special Trustee then? How do you find the Assets of a Trust?
State/Country relating to question: California
On line searches.property searches,
It is possible that your father transferred all of his assets into a trust before he died. That would explain the CPA's statement that he "died with no assets". The assets were owned by the trust. A trust is not a public document and only the trustee and beneficiaries have knowledge of what is in it. You will not be able to find the assets of the trust without the trustee's cooperation.
I don't know what a "special trustee for an estate" is. A trust and an estate are two separate entities. They exist independently. The family corporation should be registered with the CA Secretary of State's office, but there is no public record of its assets. If you are not a shareholder in the corporation, you would not be entitled to information about its assets. You didn't say how long ago your father died. If it has been a while, i.e. a number of months ago, and you haven't received a notice of probate or any notification from the trustee that you are a beneficiary of the trust, then in all likelihood you were not named either in a will or a trust.
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