Category Archives: Trust Administration
Are there different kinds of trusts?
A trust is a specific kind of estate planning tool that can complement your will and allow you to control different kinds of property that you may own. A trust allows you to transfer ownership of specific property to another person known as a trustee. The trustee will then supervise the property for a… Read More »
Avoiding probate with a Florida living trust
Probate can be a time-consuming and potentially costly situation for many Florida residents. Probate is the method by which a grantor’s debts are paid and his or her property and assets are distributed to their heirs. But it can take many months for a decedent’s heirs to receive their portion of the assets and… Read More »
Some basic information about Florida trusts
Most Florida residents know that a will is traditionally the central component of a good estate plan because it spells out the testator’s specific wishes regarding their assets. And while a will can specify details about the distribution of property, sometimes a better option is to create a trust in order to properly manage… Read More »
Trust administration help available to Fort Myers residents
Every day in America, including Fort Myers, someone learns that he or she has been named the trustee of a trust, and every day someone wonders what the trustee of a trust is supposed to do. In many respects, the trustee is simply tasked with carrying out the terms of the trust. The trust,… Read More »
Trust Administration Experts Available in Fort Myers
By now, most individuals are familiar with the general concept of a trust. Rather than just gifting a large sum of assets to beneficiaries, many individuals choose to direct those funds in a controlled way. The most common example is grandparents who provide for their grandchildren’s education before granting them a larger lump sum… Read More »
Fort Myers trustees and trust administration
Trusts are becoming more and more common in the estate planning process. From revocable living trusts, which exist during a trustor’s lifetime, to a testamentary trust created by someone’s last will, trusts can and do arise in a multitude of situations. In their simplest form, trusts are nothing more than an entity, which controls… Read More »
Trustee watches over the trust, but who watches the trustee?
One of the most powerful tools available to Florida residents to provide for their loved ones after they are gone is a trust. A person who creates a trust, sometimes known as a settlor or grantor, places assets in the possession of a trustee, who maintains the trust property for the benefit of the… Read More »
Dispute over Rauschenberg trust continues
The word “trustee” implies that someone designated with the title is a person whom you trust. In the context of estate administration, this trust is even more important. A trustee is appointed to attend to legal and financial affairs following a person’s death. But how do you prevent a trustee from overstepping his or… Read More »
How a revocable living trust can help you avoid probate
Last week we discussed how a trust can be a good way to help a child or another loved one who has an addiction or other problem that must be recognized in estate planning. Today, we would like to discuss how a certain type of trust can help all of your heirs by making… Read More »
