Serving Fort Myers, FL & Naples, FL
Trusts are created to help protect assets and to avoid the transfer of assets through the probate process. This does not mean assets transfer automatically upon death. Trust administration must occur so property held in trust can transfer to those who are to inherit. If someone you love has died and has left behind a trust, Barbara M. Pizzolato, P.A. is here to help.
The legal process of trust administration is a complicated process to handle when coping with the loss of a loved one and while beneficiaries are waiting for an inheritance to move on with their lives. Our Southwest Florida trust administration firm is here for you to make the process easy by handling the legal issues for you. Call Barbara M. Pizzolato, P.A. today to find out about the representation we offer and to get essential information about the trust administration process including:
- What is trust administration?
- What is involved in the trust administration process?
- How can a Southwest Florida trust administration lawyer help?
What is Trust Administration?
Trust administration is the process triggered by the death of a trust creator. When assets are held in trust, trust administration is necessary to manage and transfer those assets. The process occurs outside of probate, and can be faster, less costly, and more efficient than going to probate court. There is no judicial oversight or legal supervision for trust administration, but there are legal requirements that must be followed to ensure property transfers seamlessly to trust beneficiaries.
Because there are so many different kinds of trusts, the process of managing and transferring trust assets can be complicated and determining the steps to take requires legal knowledge. Barbara M. Pizzolato, P.A. provides representation to those who have been left with a trust to handle after the death of a friend or a family member.
What is Involved in the Trust Administration Process?
The specific process for administering a trust varies depending upon the type of trust and the requirements imposed by both the law and by the trust creator. Some of the different steps which may be involved include fulfilling statutory notice requirements, paying expenses properly, and distributing assets to heirs as dictated by the trust.
There may be serious financial consequences for trustees and beneficiaries when trusts are not properly administered. Trustees have fiduciary duties to comply with the wishes of the trust and to act in the best interests of the beneficiaries – which is the highest duty under the law. The best way to make sure obligations to the trust creator and beneficiaries are fulfilled is to put trust administration in the hands of a caring, compassionate, and knowledgeable legal professional.
How Can a Southwest Florida Trust Administration Lawyer Help?
With almost three decades of legal experience in estate planning, wills, and trusts, Barbara M. Pizzolato, P.A. has developed extensive knowledge of the trust administration process. Every case is handled with professionalism, with trust directives carried out to the letter and with property transferred in a timely manner. To learn more about how you can get help with trust administration from a southwest Florida trust administration attorney, call Ms. Pizzolato today.