California · Probate Code
PROB §16240: The trustee has the power to insure the property of the trust against damage or loss and to insure the trustee against liability with respect to third persons.
What this law says, in plain English
A trustee may purchase insurance to protect trust property from damage or loss and to cover the trustee's liability to third parties.
Read the full statutory text
The trustee has the power to insure the property of the trust against damage or loss and to insure the trustee against liability with respect to third persons.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.