TRUSTEE SERVICES

Trustee Services in Orlando, Florida 

If you are considering establishing a trust in Orlando, Florida, you may be wondering whether you should manage your trust yourself, ask a family member to manage your trust, or hire Legal Counsel, P.A. for trustee services in Orlando, Florida. Trustees have certain important duties when managing a trust. For example, trustees have a duty to the beneficiaries to manage a trust in a manner that benefits the interests of the beneficiaries. They may be required to maintain detailed financial and accounting records, pay all taxes, and meet the standards and obligations required of a beneficiary. Managing a trust can feel like a full-time job.  Many individuals and companies seek professional counsel when managing a trust. Legal Counsel, P.A. offers trustee services in Orlando, Florida and can help you with your trust. Many individuals, groups, and investors who create trusts, will hire another party for trustee services, to ensure that all legal requirements and duties are met. Legal Counsel, P.A. offers trustee services in Orlando, Florida that can help you understand the role your trustee will perform when managing your trust.

Understanding Fiduciary Responsibility

A trustee has a fiduciary responsibility to beneficiaries of a trust. This means that a trustee cannot use assets, real estate, or land in a trust for their own benefit or gain. The trustee’s duty is to serve the interests of the beneficiary. When you are deciding who to designate as trustee you need to ask yourself whether a family member is up to the responsibility and is that person able to meet their fiduciary duties of a trustee. Some examples of duties a trustee may assume include:

  • Maintaining detailed accounting records of all assets in the trust
  • Keeping a distinction between the Trustee’s personal assets and assets held in the trust for the benefit of the beneficiary
  • Being neutral when considering all beneficiaries in the trust
  • If trust assets will be invested, the investment must be in the best interest of the beneficiaries
  • Filing tax returns and paying fees

In many cases, the responsibilities of trustees can get complex. This is where it helps to have a legal professional on your side. Trustees can pay themselves for managing a trust, but when it comes to managing your property and assets, it might be best to have a professional working for you. Legal Counsel, P.A. offers trustee services that can help you keep records, file all appropriate tax forms, and offer guidance on any legal issues that might arise with the trust. If you are considering creating a trust and need trustee services, contact Legal Counsel, P.A. in Orlando, Florida to learn more.  Have questions?  We have answers. Contact Legal Counsel, P.A. at 407-982-4321 today.

Need Trustee Services? Contact Legal Counsel, PA Today

Legal Counsel, P.A. can assist you with all aspects of your estate planning and trust formation needs. Individuals form trusts for many reasons. Whether you are in the process of planning your will or your estate, in need of a trust for an investment, or have questions about whether a trust is right for you, contact Legal Counsel, P.A. that offers trustee services in Orlando, Florida today.    Have questions?  We have answers. Contact Legal Counsel, P.A. at 407-982-4321 today.

Legal Counsel P.A. vs.
Other Leading Law Firms

WE VALUE RELATIONSHIPS
Most of  our clients come to us by referral and word of mouth (not advertising).

COMMITMENT TO EXCELLENCE
The Legal Counsel team is committed to serving all clients with excellence and professionalism.

EXPERIENCE MATTERS
Over 20 years dedicated to the practice of law.

CUTTING EDGE TECHNOLOGY
view your entire case, communicate with us 24/7, review billing statements, documents, etc. on our bank secure, online client portal.

Our goal is to provide our clients with superior representation, continuous client communications, advanced technology and a helpful, diligent support staff.

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ABOUT

Legal Counsel P.A. is a Central Florida based law firm providing legal services to both individuals and business throughout the State of Florida. Have questions? We have answers. Contact Legal Counsel, P.A. today at (407) 982-4321.

LOCATION

CONTACT

  • Main Office

    13330 W. Colonial Drive, #110 Winter Garden, FL 34787

  • Orlando Office

    189 S. Orange Avenue, Ste. 1800 Orlando, FL 32801 (by appointment only)

  • Phone

    407.982.4321

  • Orlando Phone

    407.395.2653

  • Fax

    407.982.2587