Trust Administration Lawyer in Orlando

Key Responsibilities of a Trustee in Orlando

Under Florida estate planning law, the person appointed to manage a trust is known as a trustee. When creating a trust, you can name a family member, attorney, bank, or even yourself as trustee. As the initial trustee, your successor takes over upon your death or incapacity. Every trustee must fulfill legal responsibilities involving the estate.

These include, but are not limited to:

• Investing the funds in order to produce income
• Managing the property in the trust
• Maintaining detailed records of all transactions
• Issuing account statements to the beneficiaries and grantor
• Being answerable to the beneficiaries and grantor whenever they have questions concerning the management or status of the trust

Such duties remain in place throughout the life of the trust, but they are not the only actions a trustee must take during trust administration. 

In addition to these, the trustee takes on several key responsibilities after the grantor passes away:

• Paying valid claims submitted by creditors of the estate
• Paying any federal income tax that may be due on the income of the trust
• Collecting and inventorying all of the assets belonging to the trust
• Performing a valuation of the assets in order to determine the total value of the trust, as well as the value of the individual assets
• Distributing trust assets to the beneficiaries, in the amounts and according to the schedule that you specified in the trust agreement

Get in touch with our trust administration lawyer in Orlando, FL, for comprehensive guidance. We can assist you every step of the way.

Common Risks & How an Attorney Can Help Manage Them

Serving as a trustee involves legal responsibility, and mistakes or overlooked details can create personal liability. In Orlando, common pitfalls include improper handling of local real estate, missing required Florida tax payments, and disagreements among beneficiaries. Incomplete accounting or poor communication can make these issues worse.

Working with a trust administration attorney in Orlando helps clarify your obligations, reinforce important deadlines, and guide you through complex circumstances. Legal professionals with local experience lower confusion and reduce the risk of disputes. With the right guidance, trustees finish the process efficiently and with a clear understanding of their duties. We focus on steady communication, regional knowledge, and reliable solutions, so every trustee can face each task confidently.

Why Choose Our Trust Administration Legal Team in Orlando?

Selecting the right legal team for trust administration is essential. Our Orlando trust administration attorney provides comprehensive support, combining knowledge with personalized attention.

Choose us to benefit from:

• Experience: Our team brings over 75 years of combined experience, providing knowledgeable guidance every step of the way.
• Personalized guidance: We offer tailored solutions and one-on-one attention to address your unique needs and circumstances.
• Dedication: Our attorneys are committed to guarding your interests and providing responsive, attentive service throughout the entire process.

With our experienced and dedicated trust administration team by your side, you can navigate complex estate matters with confidence and peace of mind. Let us handle the legal details so you can focus on protecting your family’s future.

Consult an Orlando Trust Administration Attorney Today

While carrying out every responsibility, the trustee must act in good faith toward beneficiaries, even if named as a beneficiary. If you serve as trustee, consider engaging an Orlando trust administration attorney who can guide you through each trust administration step and help you avoid mistakes that could result in breach of fiduciary duty claims. At Jackson Law, we offer decades of combined legal experience and help clients navigate this complex area of estate planning law.

FAQs

How long does trust administration take in Orlando?

The time needed to administer a trust varies, but many straightforward trusts in Orlando close within several months. Complex assets, family disputes, or tax concerns can extend the timeline.

Can a trustee be held personally liable for mistakes?

Yes, a trustee may face personal liability for actions that violate fiduciary duties, like mismanaging assets or improper investments. Consulting with an experienced trust administration attorney in Orlando helps reduce this risk and maintain compliance with Florida regulations.

Contact us now to learn more about how our trust administration attorney in Orlando, FL, can be of service.