Trust Administration
The Trustee's Easy Button
Trust administration is the process of managing and distributing the assets held in a trust. At The Preston Law Firm, we understand that trust administration can be a complex and time-consuming process, which is why we’re here to help.
Our team of experienced attorneys has extensive knowledge in trust administration and can guide you through the process, helping you fulfill your responsibilities as a trustee and ensure that the trust’s assets are managed and distributed according to the trust’s terms and Florida law.
Don’t let the complexity of trust administration overwhelm you. Contact The Preston Law Firm today to schedule a consultation and let us help you fulfill your responsibilities as a trustee and ensure that the trust’s assets are managed and distributed according to the trust’s terms and the grantor’s wishes.
F.A.Q.
Trust administration is the process of managing and distributing the assets held in a trust. The role of a trustee is to make sure that the trust is managed and administered according to the grantor’s wishes and the terms of the trust. At The Preston Law Firm, our experienced attorneys can guide you through the trust administration process and help you fulfill your responsibilities as a trustee. This frequently asked questions section is designed to provide answers to some of the most common questions that arise during the trust administration process.
Trust Administration: Process Overview
NOTE: This is a very high-level overview of a standard trust administration. If you are administering a trust that (1) exceeds the filing threshold for federal estate taxes (see: IRS Threshold Table), (2) has multiple beneficiaries, (3) has beneficiaries that do not get along or do not have strong relationships, (4) has a non-profit or other charity as a beneficiary, or (5) contains assets that make gathering, protecting, and distributing difficult (e.g. income producing real property, business interests, or large qualified retirement accounts such as an IRA), we highly recommend that you seek the advice of an attorney who will assist you through this process. Give us a call to speak with a knowledgeable and experienced attorney.