TRUST CREATION AND ADMINISTRATION
When assets are in a trust, they must be managed or maintained. Generally, the trustee will take on that burden. However, a trustee does not have to do that work alone. Instead, they can often retain third parties to help with their duties.
Trust Administration
Having an attorney help with the trust administration process can make a trustee’s job a lot easier. Terri K. Hinks PLLC can be that resource for anyone who needs to administer a trust on behalf of a loved one.
Having a Volusia County, Florida lawyer help with trust administration saves a significant amount of time and effort. Your lawyer can do a lot of the leg work for you when it comes to a trust. For example, a trust administration attorney can assist with contract drafting and review (including lease or rental agreements). They can also provide legal advice about the trustee’s rights and duties.
Every trustee has a fiduciary duty to maintain and protect the trust assets. They must also ensure that the assets are used in a way that follows the terms of the trust. Having an attorney help with this process can ensure that you are doing everything you should under Florida law. Having a sounding board to ask questions and address some of the more cumbersome aspects of asset maintenance can be invaluable.
Terri K. Hinks PLLC can also help with trust administration. Learn more about these and other services by contacting our office today.
Terri K. Hinks, PLLC
