Clients often ask their estate planning attorney whether they need a federal Tax Id. (also known as an EIN) number for their Trust. In fact, clients commonly run into third parties, such as bank representatives, who ask what the Tax Id. number is for their Trust.
Unlike probate, Florida courts do not automatically oversee or get involved in Trust administration. Instead, they usually only get involved when an interested person invokes the court's jurisdiction relating to an issue involving the Trust.
Parents of a minor child can act as natural guardians of their minor child and can act in certain limited ways without court involvement.
Estate attorneys are often asked by clients, how often should I review and update my estate documents? There are no hard and fast rules on this but there are some helpful guidelines.