When a loved one passes who had a Living Trust, the family will go through a process called Trust Administration. The Kramer law Firm has dedicated attorneys focused on trust and estate administration matters.
The person charged with administering the trust is called a trustee. The trustee has an array of legal powers and fiduciary duties under Florida law to execute the terms of the trust in good faith, ensure the purpose of the trust is met, and to act in the interest of the beneficiaries.
If you are seeking a law firm who can assist you with trust and estate administration in Orlando and Central Florida, please contact TK Law Firm to schedule a free consultation. Our attorneys represent trustees in all aspects of administration of Florida estates and trusts, and serve to protect the rights of Florida trust beneficiaries in disputes involving the administration of trusts.
Speak with an experienced Florida attorney at our firm today.
Call 855-Kramer-Now (855-572-6376).
Florida trust administration requires meticulous attention to detail, and extensive knowledge of trusts, estate planning law, debt settlement, tax law, and in some cases Florida probate law.
The administration of trusts also requires a working knowledge of accounting and business law. The TK Law Firm has extensive in-house legal resources to handle these important matters.
Unlike Florida probate, trust estates are not administered under court supervision.
How We Assist Trustees in Florida Trust Administration
- File a Notice of Trust with the court
- Notify heirs and beneficiaries
- Prepare an initial accounting of the estate’s assets
- Notify creditors
- File all tax returns for the estate and minimize tax consequences
- Settle debts and other outstanding obligations
- Prepare the final accounting for the trust
- Distribute assets of the estate to the beneficiaries
- Close the estate
- Represent you in trust litigation when necessary
We strongly encourage you to contact the trust attorneys of the TK Law Firm today: 855-Kramer-Now (855-572-6376).
How We Assist Beneficiaries in Trust Administration
Beneficiaries of a trust have legal rights under Florida law and under the trust document itself. If you believe that the trustee is not handling their fiduciary duties responsibly or that your rights are not being honored, the TK Law Firm can help you enforce your rights in Florida courts.
Important Factors That Can Influence Orlando Trust Administration
Florida trust administration can be complicated business. A successful trustee will need to complete a list of duties including: organizing papers related to the loved one’s medical care prior to death; looking through safe deposit boxes for stocks, certificates and other important documents; retaining a Florida trust attorney to review and interpret these papers; and documenting insurance policies (e.g. automobile, life insurance, etc.) and a comprehensive list of the estate’s assets.
Questions like the following may need to be addressed:
- The size and complexity of the decedent’s estate: Where are his or her assets located, and what is their nature? (e.g. cash and bank accounts, real estate, stocks, intellectual property, etc.)
- Have arrangements for the memorial and funeral been handled?
- What were the precise instructions left by the trust maker?
- What creditor or lender claims against the estate are outstanding?
- Did the trust include provisions for estate and tax planning? There may be potential federal and Florida estate tax liabilities.
And even that list of projects is not comprehensive.
Errors or omissions in this process can lead to disputes and trust litigation not just among beneficiaries but also between the estate and government. An experienced Orlando trust administration lawyer with the TK Law Firm can help you keep control of the process and ensure that it is handled as smoothly and quickly as possible.
Your choice of a Florida trust and estate administration attorney is vial to successful estate and trust administration. Contact the TK Law Firm: 855-Kramer-Now (855-572-6376). As your trusted advisors we will always deliver personalized legal services devoted to protecting you and your family.