Trustees must manage and invest trust assets carefully and in accordance with the trust’s terms. Investment losses do not automatically make a trustee personally liable, but a trustee can face liability if they breach a fiduciary duty. What Is a Fiduciary Duty, and What Duties Do Trustees Have? Trustees are […]
Author: Ellis Law
When a loved one passes away, Florida families must determine how the estate will move through Florida probate. In Boca Raton, some estates may qualify for summary administration, while others may require formal administration. Many families do not know the difference between these two processes. Here is what to know […]
Trusts are meant to provide clear instructions for how assets should be managed and distributed. Life can be unpredictable, and circumstances can change. When that happens, a Florida court may be able to modify a trust’s terms. Here is what to know about changing the terms of a trust. What […]
Having a co-trustee who refuses to cooperate, mismanages trust assets, or puts personal interests first can make administering a trust difficult. If you are dealing with an unwanted co-trustee, you may have legal options to address the issue, including seeking removal. Here is why it may be a good idea […]