FORT LAUDERDALE TRUST ADMINISTRATION ATTORNEY
What is Trust Administration?
Trust Administration is the process of settling a trust by distributing the property and paying creditors and taxes, if necessary. Sometimes, trusts are created under a Will (a “Testamentary Trust”) and are funded in probate. In those cases, the trust will continue after the probate estate is closed. On the other hand, some trusts are established while someone is living (an “Inter-Vivos Trust”), and may either be terminated upon the creator’s death or continue after death, depending on the terms of the trust.
The successor trustee should sign a trustee acceptance document to allow others to rely on their position as the successor trustee of the trust. Most financial institutions will require a trustee acceptance document to further the trust administration process.
When should you contact an Attorney?
There are many things that go into the process of trust administration and estate planning. In turn, you may find yourself feeling overwhelmed or unsure of the process. For this reason, it is imperative to contact a Trust Administration Attorney to assist you in navigating the process.
If you need an experienced Fort Lauderdale Trust Administration Attorney, do not hesitate to contact The Law Offices of Odelia Goldberg at 954-832-0885 for more information. Virtual and telephone consultations are available. In some cases, home or hospital visits may be arranged.
