After setting up a revocable trust, the creator is typically the trustee. This may involve funding new assets, removing the titles for assets that no longer exist or handling any investments that are funded to the trust. When the trustee dies, a successor trustee takes over these duties. Those in Florida who are named as successor trustees or who are beneficiaries of a trust may wish to understand the duties of a trustee after the trust creator dies.
The complexity of making an estate plan may cause most people to put it off until it is too late. Others may try to find the quickest and cheapest way to designate where their belongings will go after they die. This may mean jotting a will on a piece of paper or downloading a document from a do-it-yourself website. However, it is important to understand Florida law when it comes to wills and other elements of estate planning.
From the moment a loved one passes, an executor has a great deal of responsibility to take on. The tasks that need handling are not always easy, and you may even experience complications when it comes to opening a probate in the correct location.