Trust Administration

A trust is an entity into which the Settlor places assets in the hands of the Trustee, who manages and controls the trust corpus. A trust is established for the benefit of the beneficiaries, who can be the Settlor of the trust, and also for the benefit of others, often spouses, children, and other beneficiaries.

Types of Trusts:

Revocable trust: also known as a living trust, or a revocable living trust.

Irrevocable trusts are typically trusts over which the Settlor gives up the right to distribution from the trust. These can include Dynasty trusts, Life Insurance trusts, and similar types of trusts.

• Can Someone Sell A Property That Is In A Trust?
• What Is A Disclaimer In A Trust?
• What Is A Purely Discretionary Trust?
• Can The Impact Of Adverse Tax Consequences Of Trusts Be Reduced?

Dealing with trust administration can be a complex process. Therefore, it is advised to contact an experienced Florida trust administration lawyer if you want to establish a trust. Call (904) 398-6100 to speak with a Florida trust administration attorney. The Jacksonville, FL estate planning attorney is highly experienced and qualified to handle the matter. He can help you in your time of need.

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