Ensuring Proper Trust Administration
Whether you are the beneficiary of a trust, are serving as a trustee, or simply want to create one as part of your estate plan, the legal team at Kramer A. Litvak, P.A., can help. We provide clear answers and explanations, sound guidance on “all things trusts,” and the effective legal assistance required to protect your interests as a beneficiary or carry out your legal duties as a trustee with confidence.
We draft trust documents, make certain those trusts are properly funded and assist clients in managing both revocable and irrevocable trusts. We also counsel trustees and successor trustees on matters ranging from the essential (basic duties) to the extraordinary (asking a court to amend the terms of a trust and probate litigation). We are confident that we can meet your needs as well.
For a free consultation with an experienced lawyer, call our Pensacola law offices at 850-308-1677 or (toll-free), or contact us online. We assist both trustees and trust beneficiaries.
Reliable Guidance For Trustees
Florida has complex statutes that pertain to trusts, trust administration and trustee responsibilities. Understanding the trustee’s role and his or her basic legal duties is imperative for anyone who is acting as a trustee. We offer helpful legal guidance to trustees with responsibilities that include:
- A duty to administer the trust in accordance with the trust’s terms and purpose
- Duties of loyalty and impartiality to all of the trust’s beneficiaries
- A duty to collect, protect and control trust assets
- A duty to administer the trust prudently
- A duty to invest and manage trust investment assets as a prudent investor would
- A duty to make distributions to beneficiaries as required by the trust’s terms
- A duty to keep beneficiaries reasonably informed of the trust and its administration and to provide beneficiaries with annual accountings
- A duty to employ attorneys, accountants, tax advisers, investment advisers or other professionals who possess special skills that the trustee lacks
- A duty to file and pay taxes
Contact Us To Learn More
Our trust attorneys would be happy to discuss trust administration issues with you in more detail in a face-to-face meeting. Be sure to mention this website when you call or email our law offices, and the initial consultation will be free of charge.
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