Trust Fund Babies in Florida
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Trust Fund babies in Florida.
Hello, my name is John Pankauski, I’m a trust attorney with Pankauski Hauser in West Palm Beach.
Have you ever heard the term trust fund baby, someone who, by sheer luck of having the right parents or grandparents, is the beneficiary of a massive family trust holding millions and millions of dollars. Well trust fund babies are sometimes refereed to, by trust lawyers as those people who don’t work who aren’t productive, who just sit back and get there money every month or every year from the family trust fund. The truth is that trust fund babies and trust fund beneficiaries have rights too. Why is that? Well Florida said so. The trust code is a body of law that is in our statutes that gives beneficiaries in including trust fund babies, include trust fund beneficiaries who don’t work lots of rights. To learn more about your rights to learn why a trustee can’t run the trust in secret or do things privately, talk to an experienced trust litigation attorney.
My name is John Pankauski and this concludes my comments on trust fund baby lawyers.