Fort Myers Trust Administration Attorneys
Creating a trust makes the process of settling an estate much easier. Therefore, it is best to work with an attorney well-versed in trust administration to make sure the transfer of assets goes smoothly and to handle legal issues that might arise.
In Fort Myers, the family law firm of O'Halloran & O'Halloran, represents trustees, trust administrators and all others involved with administering a trust. We have a rich history of more than 35 years of service to our Southwest Florida community.
Trusts And Administration
Trusts are legal entities that hold property of the trust creator. Trusts are useful estate planning tools for ensuring your wishes are carried out for the disposition of your wealth and assets. There are many types of trusts to meet the varying needs of individuals and families.
After the death of the creator, a trustee carries out the terms of the trust. The difference between this and probate administration is that trusts do not require court supervision. Trusts do not go through probate. There are, however, complex statutes, procedures and formalities with which you must comply. The process may be relatively simple, or it can take a long time, depending on the type of trust and the assets involved.
Southwest Florida Revocable And Irrevocable Trust Lawyers
Our firm has experience guiding clients through the administration process for revocable living trusts, irrevocable trusts, special needs trusts and more. Whether the trust creator is still living or had died, we counsel and guide our clients on successfully completing administration duties, including but not limited to:
- Distributing assets to beneficiaries and heirs
- Valuing and liquidating assets
- Paying taxes and legitimate debts
- Completing reporting and accounting requirements
- On-going tasks if the trust continues long after death