Legal Question in Wills and Trusts in Florida
Is there a time frame in Florida that a trust needs to be divided between the beneficiaries after the death of the grantor. There are no financial matters pending against the grantor or the trust. What Florida law(s) can be referred to.
3 Answers from Attorneys
736.0804. Prudent administration. A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
My office can help determine if the trustee acted in a prudent manner and if we detirmine that the trustee did not act in a prudent manner we can take action as necessary. We handle such situations on contingency fee if necessary. Please contact us at www.isternlaw.com
The trustee must act in good faith.
I agree with Mr. Stern. It may be that the trustee is waiting for the best opportunity to divide the assets. If there are CD's involved , it would be best for them to mature rather than withdraw them and loose funds and be penalized. There are other things as well, you need to speak to the trustee and see what the hold up is. If you are uncomfortable in doing so, please contact my office for an appointment and I will be glad to speak on your behalf. 904-997-1031
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