Are You Drafting Around the Duty of Loyalty
If you are preparing an estate plan for a client, are you talking to them about the duties and obligations of their beneficiaries and trustees?
Estate planning lawyers, are you drafting around the duty of loyalty 7360802 of Florida’s trust code? If you are preparing an estate plan for a client, are you having a conversation with them about the duties and obligations of their beneficiaries and trustees. Are you discussing a motion to prohibit a trustee who is accused of wrong doing from using trust funds to defend themselves against accusations of misdeeds. If you are not you may want to consider that, particularly if the trustee that your client is appointing in their trust document is someone really loved or somebody who may get trouble from successive beneficiaries. You can draft your way around 7360802 by a few sentences that will make it easier on your trustee to serve and to use trust funds to defend themselves if they have been sued.