What are the duties of a trustee of a family trust?
Rebecca L. Nichols, elder law & estate planning solicitor, brings over a decade of expertise in estate planning to her practice.
Trustees in Florida are entrusted with a range of duties essential for administering the trusts in Florida. Failure to fulfill these Florida Trustee Duties could potentially lead to a breach of trust, leaving the trustee vulnerable to legal claims from beneficiaries. > Beneficiaries of a family trust have the right to request information regarding the trust's financial transactions, investments, and account balances. The trustee has a fiduciary duty to act in the best interests of the beneficiaries, which includes providing transparency and accountability in the administration of the trust. > While there is no universal requirement specifying the exact level of detail the trustee must provide, it is generally expected that trustees furnish beneficiaries with sufficient information to understand the trust's financial status and ensure an equitable distribution among all beneficiaries. > If beneficiaries have made multiple requests for information and have not received a response from the trustee, they may consider taking further action. > This could include consulting with a trust attorney to explore legal options, such as filing a petition with the court to compel the trustee to provide the requested information. > Open communication and transparency between trustees and beneficiaries are essential for maintaining trust and ensuring the fair administration of the trust assets. Learn more about your duties as a Florida trustee
04/01/2024
Middlesex County Criminal Defense Lawyers Near You - New Brunswick Criminal Lawyer - Marshall Criminal Defense Attorney - DUI Lawyer |
Middlesex County Criminal Defense Lawyers Near You - New Brunswick Criminal Lawyer - Marshall Criminal Defense Attorney - DUI Lawyer | middlsex county law firm | Need a criminal lawyer near you in Middlesex County? Call Marshall Criminal Defense at 877-450-8301 in New Brunswick, Edison, Woodbridge, Piscataway & East Brunswick. We have one of the winningest and most experienced teams of criminal defense lawyers in the state of New Jersey. Looking for a DUI lawyer? A drug offense attorney? Facing other criminal charges? We can help.
05/24/2023
Categories
- Administrative 6
- Banking 2
- Bankruptcy 2
- Business 8
- Civil Rights 23
- Computer 1
- Construction 3
- Copyright 2
- Credit Card 4
- Criminal Law 62
- DUI / DWI 9
- Discrimination 7
- Elder Law 3
- Employment 25
- Employment Law 3
- Expert Witness 1
- Family Law 76
- Harassment 5
- Health Care 8
- Immigration 1
- Immigration Law 17
- Insurance Law 5
- Intellectual Property 1
- Internet 1
- Internet Law 2
- Law Practice 7
- Law School 2
- Law Technology 1
- Lemon Law 2
- Litigation 10
- Military 1
- Miscellaneous 5
- Other 52
- Personal Injury 19
- Probate - Trusts 1
- Probate, Wills 30
- Real Estate 37
- Securities Fraud 1
- Social Security 2
- Solo Practice 1
- Tax Law 1
- Transportation 7
- Trusts 4
- Using LawLink 3
- Workers Comp 4