Trust Administration in Boca Raton
Serving as a trustee is a significant responsibility that carries strict fiduciary duties. Without proper legal guidance, trustees can expose themselves to personal liability for mistakes made during the administration process.
The Brammer Firm assists trustees in Boca Raton with all aspects of trust administration, from providing required notices to beneficiaries to managing trust assets and making distributions.
We help ensure that the grantor’s wishes are carried out efficiently and in full compliance with Florida law, lifting the legal burden off the shoulders of the trustee.
Our Trust Administration Services
- Trustee Duty Advising
- Beneficiary Communications
- Asset Inventory & Valuation
- Trust Accounting Assistance
- Distribution Planning
- Dispute Resolution
Frequently Asked Questions
What are my responsibilities as a trustee? You must administer the trust according to its terms, act in the best interest of beneficiaries, keep accurate records, and manage trust assets prudently.
Can I be held personally liable as a trustee? Yes — a trustee who breaches fiduciary duties can face personal liability, which is why proper legal guidance is essential.
How long does trust administration take? It varies widely depending on the trust’s complexity and assets, typically ranging from several months to over a year.
Frequently Asked Questions
What does estate planning include?
Estate planning typically includes a last will and testament, a revocable living trust, durable powers of attorney, a healthcare surrogate designation, and beneficiary designations — designed to protect your assets, provide for your family, and minimize probate and taxes.
Do I need a will or a trust?
Most families benefit from both. A will names guardians for minor children and directs distribution through probate, while a revocable living trust lets assets pass privately to your heirs and often avoids probate entirely. Your attorney can recommend the right combination for your goals.
How much does estate planning cost in Florida?
Costs vary based on the complexity of your estate. The Brammer Firm offers flat-fee packages so you know the total cost upfront. Schedule a free consultation for a personalized quote.
What happens if I die without a will in Florida?
If you die without a will (intestate), Florida's intestacy statutes determine who inherits your property — which may not match your wishes — and a court-supervised probate proceeding is usually required.
How long does probate take in Florida?
A straightforward Florida probate typically takes six to twelve months, though complex estates or disputes can take longer. Proper planning with a revocable trust can often avoid probate altogether.
Do I need to change my insurance if I transfer my home to an LLC?
Yes. A homeowners policy names you as the insured, but once an LLC owns the property, the policy must name the LLC. Depending on whether you still live there, you will typically need a dwelling fire policy (DP-3) in the LLC's name or the LLC added as an additional insured. We can guide the transfer so your insurance, liability coverage, and Florida homestead protections stay intact.