Legal Question in Wills and Trusts in Florida

My family trust will be distributed by equal thirds (3 children) when I die. How do I handle distribution of the differing value of individual stocks in my stock portfolio? Thank you.


Asked on 2/10/11, 8:35 am

2 Answers from Attorneys

First of all, it appears that you won't. Because distribution occurs after you die.

However, to the then appointed Trustee, there are several methods. The could see if the stock can be divided 3 ways (300 shares divided 100 shares each). If there is an odd number, then the difference could be sold (100 shares, 33 shares each and sell 1 share). Otherwise, the entire position can be sold, and cash be distributed.

Sometimes the beneficiaries will work out an equitable split. The Trustee could also accept that.

Read more
Answered on 2/10/11, 10:43 am
David Slater David P. Slater, Esq.

You can also add their name jointly with right of survivorship to yours to an asset you own outside the trust to make up any value difference.

Read more
Answered on 2/12/11, 7:44 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Florida