Legal Question in Wills and Trusts in Florida
revocable trusts
my mother placed all of here real property in a revocable trust and named an administrator? of the trust. my mother has died. Does the trust continue on as long as the administrator chooses?
3 Answers from Attorneys
Re: revocable trusts
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
The trust will continue under the terms of the trust agreement. It may eventually pay the assets to set beneficiaries. Ask the trustee to view the trust to learn more about it.
Scott R. Jay, Esq.
Re: revocable trusts
Without reading the trust agreement, no one can answer properly.
Re: revocable trusts
If the assets or in a trust, the successor trustee has control of the assets, but as a fiduciary, must follow the instructions left by your mother in the trust document. If you are a beneficiary you are entitled to receive a copy of the trust document so you can monitor the performance of the Trustee. If you have doubts that the trustee is doing the right thing, you can sue the trustee for an accounting.