Florida Trust Beneficiary Bill of Rights by the Pankauski-Hauser Law Firm PLLC For trusts which are administered according to Florida law, trust beneficiaries have a LOT, I mean, a LOT, of rights. Most trust beneficiaries realize that you are entitled to trust accountings, but that’s just the tip of the legal/beneficiary rights iceberg. Although our trust litigation law firm in Florida has a robust defense practice of assisting trustees with the administration of trusts, we also are hired by a number of beneficiaries who need help getting information from their trustee. Many times, a trustee simply won’t tell the beneficiary where the money is, how the trust property is being handled, or what the money is being spent on. The Florida trust beneficiary is in the dark. And when trustees act like that, they can get into a lot of trouble. When trustees behave badly, a probate court can suspend the powers of a trustee, remove the trustee from serving any more, and make the trustee pay costs, attorneys fees, a financial fine often referred to as “surcharge“, and return compensation like trustee fees. In any trust beneficiary lawsuit under the Florida Trust Code against a bad trustee, you should consider what remedies and damages are available to you, and how best to achieve those. This is perhaps more important than it seems. Why? Well, most Florida estate planning attorneys prepare a revocable trust, also called a living trust, for their clients, which becomes a “will substitute.” In other words, […]