Month: February 2020

In Florida, a Trustee has an ongoing legal obligation to inform the Trust beneficiaries of the administration of such trust.  The Trustee must keep accurate records of all the income, disbursements and expenses of the Trust.  Those records should be kept in a safe...

Many parents or other relatives set up special accounts for minor children at financial institutions called UMTA accounts. These are a way to save for a child’s future and sometimes have tax advantages for the donor.  The donor then becomes the custodian of such...

In Florida, a personal representative, also sometimes called an administrator or an executor is authorized to receive a fee for their services in handling an estate. In family based estates, sometimes the personal representative will elect to waive their fees.  The...