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Form 1041 Port St. Lucie Florida: What You Should Know
Lucie County, Florida. It is the sole office that handles guardianship petitions from other counties. This office is open 8 am — 8 pm, Monday through Friday. The office stays open until 12:30 am the following business day. See my Facebook page for further details or call the Probate & Guardianship Department at. The Probation Office is located at the same address. Probation Officers will answer your questions. Phone:. My family had a property transfer on March 24, 2012. The transferor, Mr. and Mrs. Joseph Smith, were executors for the Smith family. Under the law, a living trust can be transferred to a new living trust. This is a form of estate transfer whereby a property can be transferred to a “Trustee in Bankruptcy”. In Florida, Mr. and Mrs. Joseph Smith were in the process of selling their home. After a foreclosure of their house, they decided to sell the home to the trust which would be an immediate transfer of the property to the new living trust. Trustee in Bankruptcy The Trustee in Bankruptcy is a person appointed by the court of competent jurisdiction when an appointment of attorney is granted in a bankruptcy case to serve as the agent of the trustee in bankruptcy. In this case, the trustee in bankruptcy is an individual or entity that holds the estate of the bankrupt or trust estate for the estate. The trustee in bankruptcy is responsible for the administration of the estate of the bankrupt or trust estate. If the trustee in bankruptcy is not an individual, it is generally called the “Inactive Trustee” because many executors have an active role in the administration of deceased estate. The law as well as the Trustee in Bankruptcy allows trusts and estate to be transferred into trust on a temporary basis. The temporary trust can be to the deceased person's living family until the actual transferee is found, if one is found. The temporary trust can also be used to establish or maintain the deceased person's family. It is a common practice to transfer a home and all the contents of the home when there is no family living in the home. In this case, the Trustee in Bankruptcy would serve as the agent to administer the estate because a trustee in bankruptcy does not take direct ownership of the estate.
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