Altamonte Springs Family Trust Litigation Attorney
Florida Family Trust Litigation Lawyer Serving Clients in Altamonte Springs
There are many reasons that a person might establish a trust to provide for family members, from establishing a way to take care of an incapacitated adult family member to providing care for minor children in the family. While there are many different types of trusts in Florida that can be used for many different kinds of purposes, most family trusts are revocable trusts governed by the Florida Trust Code. Other types of trusts also may be established by a family member for the benefit of other family members, including certain types of irrevocable trusts.
Regardless of the type of trust, disputes can arise when a family member passes away and assets are supposed to be distributed through a trust. Whether you have questions or concerns about a trust contest in Florida, one of our Altamonte Springs family trust litigation attorneys can speak with you today about your case.
Revocable Family Trusts in Altamonte Springs, FL
Under Florida law, a revocable trust is a particular kind of trust created by a person during his or her lifetime (the “grantor” of the trust). Given the nature of a revocable trust, the grantor has the ability to use the trust to manage assets during his or her lifetime and to modify the terms of the trust. If the grantor wants to do so, she or he can also terminate the trust entirely. Once the grantor becomes incapacitated or passes away, remaining assets in the trust can be distributed to family members or other beneficiaries according to the terms of the trust.
Depending upon whether the grantor is also the trustee (i.e., the person who manages the trust), either the trustee or the successor trustee will be responsible for handling any outstanding claims and taxes prior to distributing the remaining assets in the trust to any of the named beneficiaries. When a grantor passes away and the beneficiaries in the family learn about how the trust will be handled, legal issues can arise. More specifically, one or more of the family members might want to contest the legal validity of the trust, resulting in trust litigation.
Understanding Trust Litigation in Altamonte Springs
Why and how can you contest a trust? There are various reasons that a family member might seek to contest a trust, including but not limited to the following:
- Concerns about undue influence in the creation of the trust itself or in the terms of the trust (and whether the grantor was coerced into creating the trust or any of its terms); or
- Grantor lacked mental capacity to make the trust or to modify the terms of the trust.
Other reasons also may exist to contest a trust. You should speak directly with an experienced Florida trust litigation lawyer who can help to determine what your options might be.
Contact a Family Trust Litigation Attorney in Altamonte Springs
Trust contests involving family members can become extremely contentious. It is very important to have an experiencedAltamonte Springs family trust litigation attorney on your side who can help to ensure that your loved one’s assets are distributed properly. Contact The Troum Law Firm, P.A. today for assistance.