The Important Process of Trust Administration
We are often asked by clients how complicated it is to administer a trust. Our answer is that administering a trust is a formal, fiduciary process that can be a difficult task for a Trustee, the person who manages the administration.
Numerous detailed and precise steps are legally required by Florida Statutes during this process and can vary to some degree depending upon the type of trust. It is essential that the terms of a trust are carried out and that assets are properly disbursed after all legal and financial obligations are settled.
With offices in Orange Park, Jacksonville, and St. Augustine, our Elder Law Attorneys help numerous clients in the North Florida area with using Revocable and Irrevocable Trusts—and the important process of Trust Administration.