Trust instruments or trust agreements are private, written agreements between individuals to manage resources for the benefit of certain individuals, entities, or purposes. The assets owned by a trust are managed by a person called a trustee. Trustees have special responsibilities with respect to the assets of the trust and to the beneficiaries of a trust. These responsibilities are described as fiduciary in nature, which means the trustee must act with the a heightened standard of integrity toward the trust assets and beneficiaries. Trustees have duties under the trust agreement and under the law of Florida with respect to the assets and the beneficiaries of the trust; investing and conserving trust assets; making distributions; and complying with tax law.
Peter’s practice includes assists and advises trustees with regard to the performance of these duties.