Question:  What is a trust?

 Answer:  There are many types of trusts. A revocable living trust is a document formally executed by a person (the grantor) transferring his or her assets to a trustee of that person’s choosing. Generally, a person establishing a revocable living trust will name himself or herself as the trustee for his or her lifetime. Upon the grantor’s death or incapacitation, a successor trustee will assume the responsibility and either administer the trust for the benefit of the grantor and/or the beneficiaries, or disburse the trust estate to the beneficiaries.

Question:  What is a trustee?

 Answer:  A trustee is a person or entity named to administer a trust. The trustee’s job is to manage the assets for the benefit of the grantor or beneficiaries.

Question:  What happens when someone dies without a valid trust or will?

Answer:  When someone dies without a valid trust or will, the intestate laws apply - meaning who receives that person’s assets is determined by the Florida Statutes.