Legal Question in Wills and Trusts in New York
relinquis trustee responsibilities
I live in florida ,administer a trust that was probated in New york.I file New york state taxes for the trust. Can a lawyer in florida petition a florida court to have me released from this responsibility or must this be done in a New York court?
In New york state ,how much money must be in a trust to consider it worthwhile maintaining?
Asked on 9/02/06, 9:23 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: relinquis trustee responsibilities
1. It must be done in NY
2. It can be done when the trust is uneconomical to administer.
Answered on 9/02/06, 9:45 pm
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