Trust Administration

A trust administration is a private process wherein a trustee, acting as a fiduciary, administers the decedent's assets in accordance with the terms of the decedent's trust and Florida law.  The beneficiaries of the trust (to whom the trustee owes a number of duties) are entitled to receive a copy of the trust.  

A trust only controls the assets that are "funded" into the trust.  "Funding" is the process of transferring legal title of an asset into thename of the trust.  This should be completed before the death of the Grantor (individual who created the trust).  If the decedent's assets are not properly "funded" then a potential probate administration may be necessary to transfer the deceden's assets to the trust.

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