What is Trust Administration?

When a Grantor creates a Trust, individuals or professional entities are named as primary, successor, or co-trustees. Once the role of Trustee has been accepted, Florida Law imposes fiduciary rights and responsibilities upon the Trustee. The purpose of these regulations is to ensure the Trustee faithfully upholds the obligations and intent of the Trust.

When a Trust becomes irrevocable, additional obligations spring into effect. Some of these responsibilities include timely obtaining tax documents, providing information pertaining to the Trust to beneficiaries, and coordinating efforts with the Personal Representative of the Estate.