Central Florida Law Offices Advising On Trusts And Trust Administration

A trustee is responsible for the trust administration. If you are a trustee and desire to consult with a knowledgeable attorney for advice and guidance in carrying out your trust administration duties, Taylor and Nordman, P.A., in DeLand, Florida, can guide you through all phases and aspects of trust administration. There are occasions where trust beneficiaries must consult with an experienced trust attorney to protect their rights under the trust.

Planning And Drafting Trusts

  • Revocable living trust
  • Irrevocable trust
  • Special needs trust
  • Charitable trust
  • Generation-skipping trust
  • Land trust
  • Trust litigation

Trust Administration Advice

  • Review of the trust instrument and each amendment for legal sufficiency and interpretation
  • Implementation of substitution of the successor trustee
  • Required notices
  • The obligation of a successor to require a former trustee to provide an accounting
  • The trustee's duties to protect, insure, and manage trust assets and the trustee's liability relating to these duties
  • The trustee's duty regarding investments imposed by the prudent investor rule
  • The trustee's obligation to inform and account to beneficiaries and the method of satisfaction of such obligations, the liability of the trust and trustee to the settlor's creditors, and the advisability or necessity for probate proceedings to bar creditors
  • Contributions due to the personal representative of the settlor's estate for payment of expenses of administration and obligations of the settlor's estate
  • Identifying tax returns required to be filed by the trustee, the trustee's liability for payment of taxes, and the due date of returns
  • Filing a nontaxable affidavit, if not filed by a personal representative
  • Order of payment of expenses of administration of the trust and order and priority of abatement of trust distributions
  • Distribution of income or principal to beneficiaries or funding of further trusts provided in the governing instrument
  • Preparation of any legal documents required to effect distribution
  • Fiduciary duties, avoidance of self-dealing, conflicts of interest, duty of impartiality and obligations to beneficiaries
  • Potential conflicts of interest
  • Procedures for the trustee's discharge from liability for administration of the trust on termination or resignation

Trust Litigation

  • Validity
  • Execution
  • Formality
  • Beneficiary disputes
  • Judicial interpretation
  • Trust modification
  • Trust decanting
  • Accounting

Attorneys Richard W. Taylor and Michael P. Nordman have extensive experience in trust and estate matters and appreciate the opportunity to consult with and advise you about the challenges you may face with trust administration and trust litigation. We pledge to take the time and thought necessary to understand the aspects of your case.

Get answers to your questions and learn what will be involved in resolving your legal challenges related to trust administration or litigation. Email us or call 386-734-2558 to schedule a consultation with a lawyer regarding your concerns.