Legal Question in Wills and Trusts in Florida
Before my mom died she created a trust that was split between a number of beneficiaries. One of the beneficiaries wants to move into her home to avoid paying rent on their current apt. Are they required to pay rent to the estate (or take what their rent would be out of their share of the estate)? If so, how is the rent amount determined?
Asked on 7/20/14, 2:44 pm
3 Answers from Attorneys
David Slater
David P. Slater, Esq.
1. Legally yes, but is up to the other beneficiaries to decide.
2. Start at Fair Market value.
Answered on 7/21/14, 4:11 am
Joseph Pippen
Law Office of Joseph Pippen & Associates
The personal representative or trustee is in charge and can determine the rent.
Answered on 7/21/14, 9:34 am
Barry Stein
De Cardenas, Freixas, Stein & Zachary
The Trust controls what happens with the property. The documents need to be reviewed. Seek legal advice.
Answered on 7/22/14, 5:27 am
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