There are many other duties imposed on a Trustee. A breach of these duties can have significant financial cost to the Trustee. One of the biggest areas of Trust litigation involving breaches of duties by a trustee deal with excessive fees and commingling. Generally speaking, trust administrative fees are paid out of the Trust. When a Trustee retains legal counsel, the attorney fees and costs, are usually paid out of the trust. Trustees are also entitled to reasonable compensation for their time and labor while serving as a trustee.
Services the Horton Law Group, P.A. provides to Trustees
- Quality legal counsel – we will inform you of the law so you can serve intelligently as a Trustee
- We prepare all required Notices that are required to be filed in court, including a Notice of Trust
- We prepare all required Notifications to Beneficiaries
- We prepare an initial inventory and initial accounting of the estate’s assets
- We will Notify all known and unknown creditors, through notification and publication as required by Florida Law
- File all tax returns for the estate and minimize tax consequences
- Settle debts and other outstanding obligations
- Appraise assets and value businesses, if applicable
- Prepare the final trust accounting
- Retain Experts for investment, accounting and tax purposes on your behalf.
- Distribute assets to the beneficiaries
- Close the estate
- Should you be sued for your duties as Trustee, we will zealously represent you throughout litigation
Services the Horton Law Group, P.A. provides to Beneficiaries
If you are a beneficiary of a Trust and you feel that your rights have been violated. Or, if you feel the Trustee is not looking out for your best interest. Or, if you feel the trustee is engaging in self-dealing or stealing trust monies or taking excessive trustee fees, you have rights. You can file a lawsuit against the Trustee for: (1) breach, (2) removal, (3) surcharge and a myriad of other causes of action. If you believe that the trustee has breached his or her fiduciary duties to you, contact the Horton Law Group, P.A. to schedule your free 30-minute consultation.
Why Hire the Horton Law Group, P.A?
The principal partner at the Horton Law Group, P.A., Attorney Sommer C. Horton, has been litigating estate and trust litigation cases for 20 years. She is also an experienced and aggressive estate litigator. She is highly regarded for her creativeness, strategic judgment and her uncanny ability to deliver persuasive legal arguments in the courtroom. She has a tremendous skill for being an aggressive advocate for her clients, while being one who understands and appreciates how trying litigation can be, thus, she is extremely sensitive to her clients’ needs.