Fort Myers trustees and trust administration
Trusts are becoming more and more common in the estate planning process. From revocable living trusts, which exist during a trustor’s lifetime, to a testamentary trust created by someone’s last will, trusts can and do arise in a multitude of situations. In their simplest form, trusts are nothing more than an entity, which controls assets for the benefit of one or more beneficiaries.
These entities, of course, must be managed by some real life person. Known as the trustee, this individual, or individuals, is tasked with carrying out the terms of the trust. Trust administration, however, is no easy task. The trustee may have a fiduciary duty to certain beneficiaries and may have personal liability, if they fail to properly care for trust assets. As a result, it is wise to get an experienced Fort Myers’ area trust lawyer to guide you through the process.
The attorneys at Kuhn Law Firm have helped hundreds of trustees review the trust documents, account for assets and ensure the terms of the trust are carried out in the proper manner. Mr. Kuhn’s expertise eases the anxiety many executors and trustees feel when they are given this responsibility.
From court filings to notices to other heirs, an experienced professional can be a priceless part of the trustee’s team as they will make sure no stone goes unturned. This experience can help trustees avoid actions which may lead to unnecessary litigation between the family. By doing things the right way the first time, trustees often find that the help of an experienced trust lawyer is vital in avoiding expensive mistakes.