Jacksonville Lawyers Handling Trust Administration
A person who is appointed as a trustee has a number of legal duties that must be fulfilled, including the effective management of property and finances for the trust's named beneficiaries. Having an experienced guide on your side to help you navigate the complexities of trust administration can be invaluable.
At the law firm of Tolson & Associates, P.A., our Jacksonville attorneys understand how the trust administration process works in Florida. We can help ensure that trustees are administering the trust according to its purpose and are complying with state law.
Helping Trustees Effectively Carry Out Their Duties
When it comes to managing trust assets, trustees are required to comply with strict standards of duty, loyalty and care. If you fail to carry out the legal obligations that come along with being appointment as Trustee, you open yourself up to personal liability. Our lawyers will work closely with you to help you carry out your duties in an effective and legal manner.
The administration of a trust bears some resemblance to the probate process. The assets that are held in the trust must be inventoried and accounted for, the trust's beneficiaries must receive notification, any required taxes must be paid, and the trust assets must be managed or distributed according to the terms outlined in the trust. We can help you at every stage of this complicated process. We can also handle any issues concerning tax law, which may be implicated by the administration process.
Contact The Law Firm Of Tolson & Associates, P.A., Today
A trustee carries a number of responsibilities. We can help shoulder some of that weight. Call (904) 269-0050 or contact us online to schedule an initial consultation to discuss your legal needs. Our law office hours are Monday through Friday from 9 a.m. to 12 p.m. and 1:30 p.m. to 5 p.m. Evening and weekend appointments are available upon request. We accept Visa, MasterCard, American Express and Discover credit cards.