Administering A Trust

How To Administer A Trust

When you have been designated as the trustee of a trust for the benefit of others, you may be uncertain of your rights and responsibilities. In such situations, it is important to work with a knowledgeable lawyer who has a great deal of experience helping others through the process.

Trust Administration Services In Southern Florida

With offices in Boca Raton, and serving throughout southern Florida, we offer counsel to individuals who have been named trustees upon the death or incapacity of a settlor (the person establishing the trust).

Administering a trust is not supervised by the courts. Nevertheless, it entails a number of legal considerations. Trustees are tasked with transferring property and other assets to beneficiaries — a process that can lead to bitter disputes among family members and other parties involved. Trustees may not be aware that Florida law mandates that they must provide an annual accounting to beneficiaries. Likewise, trustees must manage any interactions with creditors that may have financial claims against the estate. While administering a trust is often much simpler than administering probate, it is not uncommon for lawsuits to arise.

We can help. Namely, our attorneys can counsel you at every step and minimize the likelihood of legal disputes emerging.

Older Person Signing Trust

How We Can Help You

Our firm can assist in your efforts to administer a living trust, a spendthrift trust, a special needs trust, an irrevocable trust, and all related matters.

Administering a Trust

If you’re appointed as a trustee for a loved one’s estate, there are a few steps you need to know to administer the trust appropriately. First, ensure all documents are collected and reviewed by our legal team, then secure and value the assets. Next, it’s important to notify creditors and beneficiaries, pay off debts and final expenses, and distribute funds based on what the trust dictates.

While this process may seem daunting, our legal team will guide you through each step to ensure you accurately fulfill the requirements of the trust. Get in touch for a free consultation.

Why Choose the Law Offices of Craig Donoff?

At the offices of Craig Donoff, P.A., we bring decades of experience to people with concerns about how to administer a trust. We understand the related laws and all their complexities and work hard to help our clients resolve their situations as smoothly and quickly as possible.

Schedule a Free Consultation

For a confidential appointment, contact us online or call our offices
in southern Florida at 561-451-8220. Initial consultations are always free.

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