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 […]
Category: Trusts
Trustees have a legal responsibility to manage trust assets responsibly, and they have to back that up with documentation. Without proper documentation, even well-intentioned trustees may face questions or allegations from beneficiaries who believe the trust has been mismanaged. By establishing strong recordkeeping practices from the beginning, trustees can reduce […]
When a family moves to Florida, a trust drafted in another state may no longer function as it was intended when it was drafted. However, there are several ways to fix or update these documents. With proper legal guidance, an outdated trust can often be fixed to better protect assets […]
Suppose a parent passes away and one sibling is named trustee and begins managing the trust, while the other sibling is a beneficiary who is not receiving much information. At first, the trustee provides occasional updates, but over time, communication slows, and distributions seem smaller or less consistent without explanation. […]