Managing Someone Elses Money Help For Trustees Under A Revocable Living Trust In Florida

This guide is for those who have been named as trustees under revocable living trusts. In these cases, ownership of some or all money and property has been transferred to a trust and, as a result, the person named as a trustee has the power to make decisions about what is in the trust. -- from website.

Why read this guide? Like many people, you may never have been a trustee under a revocable living trust before. That's why we created Managing someone else's money Help for trustees under a revocable living trust. This guide will help you understand what you can and cannot do in your role as a trustee. In that role, you are a fiduciary. For this guide, a fiduciary is anyone named to manage money or property for someone else. You'll find brief tips to help you avoid problems and resources for finding more information. This guide is for family and friends serving as a trustee, not for professionals or organizations. The guide does not give you legal advice. State laws vary, so you may have additional or different duties. Talk to a lawyer if you have questions about your duties.

This guide helps family members and others understand their role as a trustee.It provides tips on making financial decisions for someone else as well as protecting assets from fraud and scams. Related products: Check out more products produced by the U.S. Consumer Financial Protection Bureau