Trusts & Estates Wills

Persons Associated With Florida Trusts | 561.699.0399

Persons Associated With Florida Trusts
Persons Associated With Florida Trusts

Sometimes the legal terms used by lawyers to refer to the different persons associated with Florida trusts can be confusing. In an effort to better understand how Florida trusts function, it is helpful to be familiar with the players and understand their role in the grand scheme of things.


The grantor, also known as the settlor or the trustor, is the creator of the trust. There can be more than one grantor as in the case of a married couple that creates a trust together.  The grantor dictates the terms of the trust and, in the case of a revocable trust, has the ability to cause the trust to be amended or revoked.


The trustee is an individual hand-picked by the grantor to manage the trust. The powers of the trustee vary based on the terms of the trust. The trustee and grantor in a revocable trust are typically one in the same. Conversely, with irrevocable trusts, the grantor and the trustee must be separate.  All trusts typically appoint a successor trustee in the event that the trustee is unwilling or unable to fulfill its duties. If a successor trustee is not specifically appointed, the trust document will lay out a procedure detailing the manner in which the successor shall be chosen.

Trust Protector

A trust protector is not a necessary party to a trust, but they are fairly commonplace these days. Effectively, the purpose of a trust protector is to ensure that the wishes of the grantor are respected by the trustee. The trust protector must be an independent third-party unrelated to the trustee and the beneficiaries. Some trusts will specifically appoint a trust protector while others will simply lay out the process by the trust protector may be selected.


The beneficiaries of a trust are those individuals who inherit assets or otherwise benefit from the terms of the trust. In some cases, the beneficiaries are finite and specifically named in the trust and in others the beneficiaries of a trust have yet to be born or named. For example, if a coupe creates a trust that includes “all of their children” as beneficiaries and then the couple has another child subsequent to the creation of the trust.

Give the West Palm Beach Wills, Trusts & Estates Attorneys at The Law Office of Ryan S. Shipp, PLLC a call @ 561.699.0399 to discuss your Florida estate planning needs or with questions regarding which trust is best suitable for you and your family. Our office is located in Lantana, Florida. We serve South Florida.

Like this Blog? Please see below links to our other Wills, Trusts & Estates Blog Posts

Licensed to practice law in the State of Florida since 2008, Ryan S. Shipp, Esquire is the founder and principal attorney at Law Office of Ryan S. Shipp, PLLC, which is located in Palm Beach County, Florida. Mr. Shipp and his team of associate attorneys and support staff focus their practice in the areas of real estate and business law.

Related Posts

Coronavirus Florida Attorneys

Coronavirus Florida Attorneys | Real Estate & Estate Planning Attorneys

Coronavirus Florida Attorneys | Real Estate & Estate Planning Attorneys These days, everybody seems to be talking about a different type of Corona. The Coronavirus or what is…

What to Expect in your Initial Consultation with an Attorney

It is always a tough decision to hire an attorney and in many circumstances it can be intimidating. A lot of times, you are at the end of…

What happens if I die without a Will in Florida | 561.699.0399

What happens if I die without a Will in Florida? Before we answer this question, the Lantana Wills Attorneys at The Law Office of Ryan S. Shipp, PLLC recommend…

Do I need a Florida Will? | 561.699.0399

Many of our clients always seem to always ask us Do I need a Florida Will? Our answer is – we recommend that ALL adults have some type…

Lantana Wills Lawyers

Are you in need of Lantana Wills Lawyers? Florida Wills and Estate Planning is a very important part of your future that protects your rights and wishes when you…

Different Types of Florida Powers of Attorney | 561.699.0399

Our West Palm Beach Estate Planning Attorneys believe that a Florida power of attorney is a critical tool in the estate planner’s toolbox. This vehicle empowers an individual to…

Facebook Iconfacebook like buttonSubscribe on YouTubeTwitter Icontwitter follow buttonVisit Our Lead Counsel Page