Let me guess: you are a beneficiary of a Florida trust and you are not getting information from the trustee. You are wondering just what a trust accounting is underFlorida Trust Law.
Revocable Living Florida Trusts
- Today, the use of trusts is no longer just for the rich and famous.
- Although media reports suggest that Robin Williams had a living trust, they are not for just celebrities
- Revocable or living trusts are a part of one’s basic Florida Estate Plan, used by many Estate Attorneys Palm Beach
- Revocable trusts are often written, or prepared, and drafted, along with a Florida Power of Attorney, simple Will and health care documents
- Living trusts are affordable, quick to be prepared, widely accepted and understood
Boca Raton Trust
- My guess is that your mom or dad lived in Boca Raton, Florida where their probate lawyer prepared their estate plans including a trust
- They are not with us any more, so their trusts probably merged and became a family trust, a type of irrevocable trust.
- Regardless of the hypothetical, you are probably not receiving any information from the trustee and are wondering what’s going on with the trust
- One thing is for certain, under the Florida Trust Code, as any trust lawyer Palm Beach will tell you, a trustee cannot operate the trust in secret
- The trustee has duties to disclose relevant information on a regular basis and a duty to provide an annual accounting
Florida Trust Accounting: What is it?
- So, what is , exactly, a Florida trust accounting?
- Well, the simplest answer is to look at the Florida Trust Code, Chapter 736, Section 736.08135.
- That section of the Florida Trust Laws tell us exactly what a trust accounting is. You can read the statute online for free by doing a simple Google search.
Question: Want to see a free online video on duties of a Florida trustee without having to sign up for anything or provide your email address?
Answer: http://www.youtube.com/watch?v=kOyVbilE5cc&feature=youtu.be