What if you were named trustee of a trust but had no idea what you were getting into?
As a trustee, you have serious legal responsibilities that you can't afford to neglect.
This blog post covers the 11 key duties all Florida trustees must fulfill to properly administer a trust and avoid legal trouble. Some of the major duties include:
Administering the trust in good faith and in the best interests of beneficiaries
Acting with loyalty, impartiality, and prudence
Only incurring reasonable expenses
Using your skills and expertise for the benefit of the trust
Controlling and protecting trust assets
Keeping clear records
Enforcing and defending claims related to the trust
Informing and accounting to beneficiaries
Being a trustee is a big job, but you don't have to go it alone. The attorneys at e-Estates and Trusts have years of experience guiding trustees through the administration process. Learn more about your responsibilities and options for support by reading the full blog post here:
https://e-estatesandtrusts.com/florida-trustee-duties/
Trustees have an obligation to understand and properly carry out their duties. Don't get caught unprepared - know what's expected of you to avoid trouble down the road. Read on to get the guidance you need.
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