Trust Administration

Trust Administration

Trust administration occurs outside of the Probate Court. Coincidentally, Trustees serve a similar role to that of a personal representative during the probate of a Will, which occurs under the supervision of the Florida Courts. Under Florida Statutes, a Trustee’s duty is to administer the trust in good faith and pursuant to the terms and purposes of the trust, and in the best interests of the beneficiaries.

In the event that the deceased individual’s assets are held in a testamentary trust when he or she dies, there must be a trust administration. Trustees can benefit from the assistance of an attorney experienced in proper administration of a trust under Florida law.