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What if you were named trustee of a trust but had no idea what you were getting into?

by Alice J. Estates and Trust Attorney Ocala,FL
Alice J. Innovator Estates and Trust Attorney...
As a trustee, you have serious legal responsibilities that you can't afford to neglect.

This blog post covers the 11 key duties all Florida trustees must fulfill to properly administer a trust and avoid legal trouble. Some of the major duties include:

Administering the trust in good faith and in the best interests of beneficiaries

Acting with loyalty, impartiality, and prudence

Only incurring reasonable expenses

Using your skills and expertise for the benefit of the trust

Controlling and protecting trust assets

Keeping clear records

Enforcing and defending claims related to the trust

Informing and accounting to beneficiaries

Being a trustee is a big job, but you don't have to go it alone. The attorneys at e-Estates and Trusts have years of experience guiding trustees through the administration process. Learn more about your responsibilities and options for support by reading the full blog post here:

https://e-estatesandtrusts.com/florida-trustee-duties/

Trustees have an obligation to understand and properly carry out their duties. Don't get caught unprepared - know what's expected of you to avoid trouble down the road. Read on to get the guidance you need.
https://e-estatesandtrusts.com/florida-trustee-duties/
Oct 31st 2023 04:17

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