Where did all of mom’s trust go? Where is all the trust money? A new Florida video on finding out where all the trust money is, is now available online, for free: https://www.youtube.com/watch?v=62wYohtG1XU&feature=youtu.be. If you are a beneficiary of a Florida trust, you may want to watch this.
Here are some pointers and tips to keep in mind if you are a Palm Beach trust beneficiaryand wondering where all the trust money is:
- Estate planning lawyers Palm Beach are using revocable trusts or living trusts for clients
- If you are a beneficiary of a Florida revocable trust, your rights probably don’t come into play until the death of your last parent. Take the example of a couple in their 80s who live in Boca Raton, Florida. Typical revocable trusts Florida would say that the kids inherit after the death of the surviving spouse or Florida widow.
- You have a right to know where the trust money is and how it’s being invested. Is it at a Boca Raton bank or a Palm Beach Gardens trust lawyer?
- The trustee owes you fiduciary duties
- The trustee cannot run the trust in secret
- The trustee has to give you an accounting and tell you where the trust funds are and what they were spent on
- Trust beneficiaries Florida have a right to relevant information about the trust
- A Palm Beach trustee who does not account or provide a trust accounting isbreaching his or her fiduciary duty to you, the trust beneficiary, and it does not matter whether you live in Florida or outside of Florida
- If the trustee won’t tell you about the trust and you are a qualified beneficiary under theFlorida Trust Code, you may have to file a Trust lawsuit and sue the Florida Trustee
- Be carefulf if you get documents in the mail or email from your trustee: you may only have six months to contest the trust, or file a Trust Challenge Palm Beach