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Single Substitution of Trustee Mississippi Form

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Florida attorney Reed Bloodworth handles trustee defense for clients facing litigation against beneficiaries. As managing partner of Bloodworth Law, Reed has seen most of the reasons trustees have legal disputes with beneficiaries. Reed explains that communication is imperative to maintaining strong relationships with beneficiaries. They want to know the status of the assets like how much money is there, where's the money, how's it being kept, what's going on? A trustee is required to provide an annual trust accounting. Reed said that he believes that communication and updates may prevent many disputes with beneficiaries. “I think it's important for trustees to communicate much more often with the beneficiaries,” Reed said. “You don't want to just say, ‘here's your annual trust accounting,’ and leave it at that. “I think that one way to avoid getting in trouble, or, avoiding legal issues, or, avoiding upsetting beneficiaries i

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