Trust Administration Melbourne, FL
Varying levels of complexity can be associated with the administration of a trust, and by having a lawyer, who specializes in trust administration, Melbourne, FL can feel confident that everything will be carried out as smooth as possible.
A trust is a type of legal documentation that is used to pass on assets, including physical and financial, to any named beneficiaries (or heirs). The right trust administration can keep the entire issue private, and prevent it from going to probate.
When You Need a Legal Advocate for a Trust, Count on Arcadier, Biggie & Wood, PLLC
While you are alive, and in a good state of health, you will almost certainly be in control of your own trust. That said, your trust will, or should, have a successor who will take the place of the trustee upon your incapacitation or death. This trustee will have the responsibility to distribute all of your assets according to the specific terms as written in the trust. All taxes, bills, trust expenses, and other fees will also need to be finalized at this time.
Deciding who should be the next trustee of your trust is something that should be well planned, particularly when there are large assets involved. Arcadier, Biggie & Wood, PLLC is the kind of trust administration lawyer in Melbourne, FL that you can turn to to help you make the right choice.
Managing the Administration of a Trust
It is a common mistake for trustees, and trust successors, to fail to realize their full responsibilities with the administration of a trust. Yes, probate might be avoided with a trust, but other tasks such as filing taxes, drafting documents and other very important procedures must be done in a timely manner. The successor of a trust has a duty to maintain it; however, this might be easier said than done.
If you are concerned about the ability to find someone who can adequately manage a trust upon you incapacitation or death, you should talk with a Melbourne, FL trust administration lawyer.
The Benefits of a Trust
There are many benefits to a trust. Not only wealthy people can take advantage of these benefits, but anyone who has assets like wealth, property, a company, or physical items. A trust not only preserves these assets, but also:
- Saves you and your family money by avoiding the probate process
- Protects you and your family from disputes
- Remains completely private
- Can ward off large estate taxes
- Prevents any confusion following the death of the trustee
Arcadier, Biggie & Wood, PLLC : A Trust Administration Law Firm in You Can Depend On
As a trust administration lawyer, our Melbourne, FL firm is dedicated to listening to the needs of a client and building a trust that is authentic, legal, and stands the test of time. If you are ready to draft a trust, we invite you to sit down with us and explore all of your options on how to protect your interests’ and those of your heirs. It is our objective to make this process uncomplicated; thereby, reduce the risk of error or mistake in the future.
When you need a lawyer for trust administration, Melbourne, FL calls Arcadier, Biggie & Wood, PLLC first. Contact our trust administration lawyers today to schedule a consultation.