Florida  |  Wills and Trusts

Legal Question

Asked on: 2/02/13, 6:37 am

Both my parents have passed away and I'm now the Sucessor Trustee of the Family Trust. We have a contract on my parents home right now with closing in mid-March. Once we receive the funds at closing, I will be distributing the funds to my 2 other brothers and myself. How do I close the trust legally? Do I have to record the trust at the Clerk of Courts office? I'm going to file a 1041 tax form this year for the Trust account with is now in my name with a new EIN number. Do I really need a lawyer to do all the paperwork to close the trust?

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