Let me guess: you are a trust beneficiary and you don’t like the terms of the trust or perhaps the Boca Raton trustee. So…..can you break up the trust early? Distribute your share of the trust to you now? Bust up the trust? You may wish to view a free online video on breaking up a Florida trust.
Do you know how the duties of a Co-Trustee of a Florida trust differ from a sole trustee? If you are a co trustee of a family trust, or if you are the beneficiary of an irrevocable trust and are having trouble with your co-trustees, consider watching this free, online video on co-trustees.
Many Florida probate lawyers recommend the use of family limited partnerships to hold family money and pass it along to heirs & beneficiaries. Family limited partnerships can take advantage of “discounts” for estate tax and gift tax purposes. Additionally, some people invest in private investments which use the limited partnership structure to manage the investment. Many times Estate Lawyers Palm Beach suggest that one’s living trust, also called a revocable trust, be the limited partner. If you are involved in a limited partnership with a senior citizen, you may want to read this October 16, 2014 legal opinion from the Court of Appeal, 2nd District, Division 2 in California, which deals with the issue of elder abuse, living trusts and partnerships. This trustee lawsuit or partnership lawsuit dealt with a $50 Million partnership.
Many beneficiaries of Florida trusts from Boca Raton to Brazil may wonder trust documents which the beneficiary signed at the request of the Florida trustee. What if the beneficiary later discovers something bad that the trustee did?
If you are a trust beneficiary of a Florida Trust & believe that your co-trustees have done something wrong, you will want to read this July 23, 2014 Florida trust opinion about a Florida revocable trust. Trustees of Florida trusts: your Palm Beach trust lawyer will also want to read this opinion from this Florida appeals court.
If you are complaining that there is a Family Trust out there, or a trust just for your benefit…..problem is….. you are not being told anything…..How do you get a copy of the Florida trust?
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.
So, you are the beneficiary of a family trust: an irrevocable trust with millions of dollars in it. Or, maybe you just inherited a small trust from your mom or dad who had a revocable trust when they were alive. But now you have trouble with your trustee and you believe that a legal dispute is coming. Where, exactly, do you sue the trustee? This is an area of trust law which is a very important part of trust beneficiary rights, and one area which trustees definitely need to know about.
Two Miami trustees were found to have committed breach of trust after a trial over a Fourth Amended and Restated Revocable Trust Agreement. Anyone involved with an irrevocable trust in Florida, such as a trust beneficiary, may want to read thisFlorida trust ruling which went to the Miami Dade appeals court. This case is particularly important for beneficiaries who may or may not get educational expenses or tuition paid for from a trust and also for those trust beneficiaries of a revocable trust which later becomesirrevocable. In this trust tuition case, the creator of the trust sent a letter to the co trustee bank with instructions which were later ignored.
So, you have inherited more than money from your aunt from Boca Raton. She named you successor trustee of her Palm Beach revocable trust. You inherited the job of trustee !