Estate Planning and Probate Attorney
Eric S. Kane, P.L.

Trust Administration - Miami

Trust Administration involves the administration and transfer of assets pursuant to instructions as set forth in the Trust Agreement.
The basic duties of a trustee involve the collection, management and investment of trust assets and the accumulation and distribution of income and principal pursuant to the trust.
Responsibilities of the Trustee may, but are not limited to the following:
  • Preparing an annual accounting to the beneficiaries;
  • Filing income tax returns;
  • Managing trust investments in a reasonably prudent manner in accordance with the terms of the trust instrument and Florida law;
  • Making distributions of income and or principal to the trust beneficiaries in accordance with the terms of the trust instrument; and
  • Hiring of outside consultants as is reasonably necessary to assist in the administration of the trust.
Responsibilities of the Trustee upon the death of the Grantor may, but are not limited to the following:
  • Filing of a Notice of Trust with the Probate Court;
  • Notification of all heirs and trust beneficiaries;
  • Providing each qualified beneficiary with an accounting of trust assets;
  • Hiring outside consultants to properly account for trust income and principal if necessary;
  • Preparing an inventory of all trust assets and determining their fair market value as of the date of death;
  • Hiring appraisers to determine the cost basis of trust assets;
  • Establishment of a trust checking account;
  • Payment of claims and administration expenses;
  • Filing of federal and state tax returns;
  • Obtaining a taxpayer identification number, if necessary; and
  • Allocation of trust assets to beneficiaries or sub trusts, if applicable.
If you are a Trustee or have questions about the trust administration process,

 

The Law Office of Eric S. Kane, P.L. is located in Aventura, a municipality located in Miami-Dade County and serves clients throughout Miami-Dade, Broward, and Palm Beach counties. Eric S. Kane, P.L. consistently represents clients’ legal needs for probate and estate administration with service to Aventura, Miami, Hallandale, North Miami, Miami Beach, Hollywood, Miramar, Wilton Manors, Ft. Lauderdale, Orlando, Jacksonville, Tampa, and all areas of Miami-Dade County, Broward County, Palm Beach County, and each county throughout Florida.

 

Trust Administration Attorney Miami - Eric S. Kane, P.L.

20900 NE 30th Avenue, Suite 403
Aventura, FL 33180


View Larger Map  

Eric S. Kane has served as Special Magistrate for the Eleventh Judicial Circuit Court in and for Miami-Dade County and has served as Court Appointed Receiver for the Eleventh Judicial Circuit Court in and for Miami-Dade County. Mr. Kane frequently lectures on the topics of probate administration and estate planning.

A client has many choices in the selection of a Florida Estate Planning and Probate Lawyer. Mr. Kane graduated cum laude with a J.D. and L.LM from the University of Miami School of Law in Coral Gables, Florida and earned a B.A. in Government and Latin American Studies cum laude from Franklin and Marshall College in Lancaster, Pennsylvania.

The information you obtain at this site is not considered to be all inclusive, nor is it intended to be legal advice. Using this website does not create an attorney-client relationship between you and Eric S. Kane, PL or any individual attorney. None of the materials available on this site constitute legal advice. This site has been designed to provide you with general information regarding the firm, and the types of services we provide. You should consult an attorney for individual advice regarding your own situation. The hiring of a attorney is an important decision that should not be based solely upon advertisements. Before you decide, ask Eric S. Kane, P.L. to send you free written information about our qualifications and experience.
© Copyright 2013-17 Eric S. Kane, P.L. | 20900 NE 30th Ave | Suite 403 | Aventura, FL 33180 | Site by Idea Depot