When I Die, Is My Money Really Safe In My Florida Trust?
Selecting the right people to handle your Florida probate matters is critical. Trust and estate administration can take a lot of time and dedication. In addition, giving someone access to your Palm Beach estate and assets is serious. If the wrong person gains control over your money and property, your estate could quickly be diminished. You may want to check out a May 25, 2016 article, in the New York Times, about a lawyer who steals thousands of dollars from his deceased client’s estate.
Who Should I Choose to Handle My Florida Estate?
- When considering who will be the best person to serve as your trustee or executor of estate, you need to consider who would do the best job at carrying out the required tasks, and in your best interest.
- Sometimes, the person you like most isn’t necessarily the best person for the job.
- For example, some of the duties of a trustee include inventorying assets and debts, managing investments, deciding when and how to sell real estate, notifying heirs, and keeping all beneficiaries informed.
- Sometimes, West Palm Beach trust administrations can go wrong, and arguments over inheritances can arise.
- This is especially prone to happen when the trustee does not act fairly.
- Occasionally, horrific situations involving theft can even happen.
- Check out this May 25, 2016 article, published by The New York Times, where an attorney stole money from the estate of a deceased client.
Lawyer Steals From Deceased Client
- According to the article, a New York attorney stole money from a deceased civil court judge’s estate.
- The lawyer “wrote and cashed 300 unauthorized checks to himself from the account in the sums ranging from $45 to $7500, until it was depleted.”
- Is this a case of financial exploitation of the elderly?
- How can I prevent my elderly parents or grandparents from getting financially exploited?
- How do I know if I am hiring a trustworthy Delray Beach trust attorney?
- Read the full article by clicking here.