Trust Administration Attorney in Indian River County
Vero Beach Attorney, David F. Albrecht Has Nearly 40 Years' Experience
Need a trust administration lawyer in Vero Beach? If you have been designated as a trustee, then it is vitally important that you understand your duties, and that you have assistance where possible in order to ensure proper administration of the estate. Trust administration is the duty of the trustee in every situation, however many trustees lack the time, the resources, and the knowledge to carry out this duty. If this is the situation that you face, then it is vitally important for you to seek legal assistance and guidance throughout this process. Your duties as a trustee will include all of the following among others:
- Show loyalty to all trust beneficiaries. Even if you are a beneficiary to the trust at hand, you still have the duty of loyalty to all the other beneficiaries.
- Deal impartially with other beneficiaries. You have the responsibility to deal equally and impartially, you cannot favor one beneficiary of another.
- Distribute income. Income generally includes any interest that is accumulated on bank accounts, CD's, stocks, and others. It is required that this income is distributed correctly and fairly.
- Handle trust expenses. As the trustee, it is your duty to administrate the trust, and this comes with various expenses such as legal fees, CPS fees, and many others.
Assigned as the trustee in Indian River County?
If your loved one has passed away, and you find that you have been assigned as a trustee, then it is important for you to understand what will be required of you, and that you are able to meet these obligations. I am Attorney David Albrecht from David F. Albrecht, P.A., and I understand the difficulties associated with being a trustee. You can be sure that I will work with you to help you through the process and to pursue the results that you need. Contact my firm today for a consultation. Call (772) 353-4466 to begin the process.
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