Category Archives: Trust Administration
Risks and benefits of using a corporate trustee
Most Florida residents know that having an honorable and dedicated trustee should be a key part of any good estate plan. That’s why many testators choose a beloved family member or close friend to be their trustee. However, if a testator does not have a close friend or family member, they may opt to… Read More »
Financing Fido: Should you consider a pet trust?
Pet lovers often consider their dogs, cats, birds and other pets as fury, feathery or scaly family members. Opening your home to a pet comes with many joys, results in some interesting stories and can even have some health benefits – but it also comes with a cost. A literal cost. The care and… Read More »
Prince’s estate may owe more than it’s worth
Estate planning is more than just determining who gets what. This legal process can also be used to help reduce the taxes imposed on your estate. A failure to put together a plan leaves your estate at the mercy of the government – which can lead to steep tax bills. How steep? In short,… Read More »
There can be both benefits and risks with a living trust
A living trust can be a solid addition to a testator’s estate plan. But this kind of estate planning tool is not for everyone in Florida, and it’s important to understand that this kind of trust offers both advantages and disadvantages. So here is a brief look at some of the benefits and risks… Read More »
Do’s and don’ts on leaving a trust as a beneficiary for an IRA
When it comes to estate planning, some Florida residents are like ostriches and bury their head in an attempt not to think about it. However, there is one estate planning technique that must not be ignored or considered lightly. It must be carefully thought out and the benefits weighed against the disadvantages. This procedure… Read More »
Trusts can be an important part of a complete estate plan
Trusts can sometimes be complex and intimidating to understand but they can also be an important part of a complete estate plan. A will and the documents that accompany it, which can include trusts, is the solid foundation of any estate plan. A variety of documents can accompany an estate plan, including wills and… Read More »
Are there trusts that can help someone who has special needs?
Most Florida residents only want the best for their loved ones and they will always try to provide for them even after they are gone by including them as estate beneficiaries. However, some of these family members may have special physical, mental or emotional needs and they may be receiving benefits from government programs… Read More »
Lawsuit claims partner stole millions from other pantyhose heir
Differences between business partners can be a fairly common occurrence. These differences can even continue after one of the partners dies and the other partner and the testator’s family members both inherit the estate. This is apparently true for the heirs to the estate of the creator of the L’eggs pantyhose container. One of… Read More »
Common kinds of fiduciary duty
It is common when drawing up estate plans to name someone to take care of and oversee these plans in order to ensure that the testator’s wishes are explicitly followed. This person is usually known as an executor, depending on the types of estate plan documents that have been developed. Once named, the executor… Read More »
Trustees must act in the bests of the trust or face legal action
When people create an estate plan they trust that the people who are administering this plan will work to carry out their final wishes. Florida residents take great care using estate planning documents for the benefit of their loved ones. However, they do need to rely on others to carry it out after their… Read More »
