Legal Question in Wills and Trusts in Florida
My father's trust does not prohibit who the required co-trustee can be but I am concerned about state laws. The trust was drawn in Florida and therefor Florida law should apply. My step brother is stepping down as co-trustee and I am wondering if my financial advisor in California can become the required co-trustee.
Asked on 5/23/11, 4:42 pm
1 Answer from Attorneys
The trust should state what state law applies. It sounds like it should be Florida.
Florida law allows anyone over 18 to serve as Trustee. They don't have to be a Florida resident. Even certain corporations can serve.
So very possibly the financial advisor in California can serve, but must comply with Florida laws.
Answered on 5/23/11, 5:23 pm
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