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8640 Seminole Boulevard Seminole, FL 33772
Experience You Can Count On For Trust Administration
The person that you choose to be trustee for your estate will have a lot of responsibility. As trustee, they will have to keep accurate accounts of bills, payment and inventories, a record of taxes paid and keep documentation updated for the beneficiaries of the trust. It can be a daunting job for anyone. If you need help with the administration of a trust, give us a call. We can help you right from the beginning through to the final distribution.
As A Successor Trustee, You Must Know Your Responsibilities
- Fiduciary Responsibility
- Thoroughly Understand Trust Terms
- Must Maintain High Investment Standards
- Responsible for Distribution
- Accurate and Thorough Accounting
- Responsible for Paying All Taxes and Fee
Food For Thought: Avoid Common Trust Administration Problems
There are many ways that trustees can get into trouble during the administration of a trust. It is important that the trustee follow the exact direction of the trust. Any decision made that does not follow the trust can, and probably will be challenged. Another common problem is when there is more than one trustee and they do not cooperate with each other. The result of this disagreement can hurt the administration of the trust. Also, when the trustee doesn't do the administration in the way that the law requires it can cause problems for the trustees and the beneficiaries. If you anticipate or are currently having trouble with the administration of a trust, you should immediately contact a qualified Florida Trust Administration Lawyer for guidance for this important role.
No Matter The Size Of the Estate, We Are Here To Help
If you are the successor Trustee of a living trust in Florida, we will be able to assist you in following your fiduciary duties as Trustee. Being a trustee can be very complicated and you have many legal duties that are set forth in the Florida Statutes and in case law. We will be able to help assist you in wrapping up the decedent's estate and trust, provide proper accountings to the beneficiaries, pay all taxes and bills, and more, as your counsel.
The Law Offices of DeLoach & Hofstra, P.A. are large enough to handle all of our clients' legal needs, yet small enough to provide the close, personal and compassionate service every client deserves. Founder Dennis DeLoach Jr. is the longest-practicing full-time attorney in Seminole, Florida, and brings to each client interaction a depth of knowledge and experience that is hard to match. D. "Rep" DeLoach III is Board Certified in Elder Law by the Florida Bar and has years of experience representing clients in probate matters, asset protection and trust administration. To schedule an initial consultation, call us at 727-835-5502 or contact our offices online.