Legal Question in Real Estate Law in Florida

I have a 2.5 percent interest in a Florida land trust. My father bought it and since passed away. The document states when the property is sold, the trustee will get 7.5 percent of the gross. That seems excessive me. Is it? He has no special skills. He is a securities broker and do not believe his company is aware he did this. He also sold my dad half of his interest. He had 5 percent and sold 2.5 to my dad.


Asked on 11/19/17, 8:15 am

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

If the contract provides for this split than it is enforceable. Does not sound like a special skill is required. Apparently your father thought this was fair. Not sure what selling your father part of his interest has to do with this. it seems you are upset because you get less than the trustee? is that the issue? The trust agreement prevails. Have it reviewed by an attorney

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Answered on 11/19/17, 8:44 am


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