West Palm Beach, Florida
Fiduciary Real Estate Advisors LLC accepted responsibility as successor trustee
of a personal trust account which included among its assets, 300 acres of
vacant land located in West Palm Beach, FL. The property was contaminated
due to illegal dumping. The prior trustee was issued a citation by the Florida
Department of Environmental Protection and ordered to remove the debris and
clean-up the property as soon as possible. Fiduciary Real Estate Advisors,
worked with Massachusetts and Florida counsel, contractors and law enforcement
agencies to negotiate an acceptable consent order with the DEP and to arrange
for remediation of the property. The consent order was completed and the property
was successfully marketed and sold by Fiduciary Real Estate Advisors. The
parties responsible for the illegal dumping were prosecuted.
Charlton, Massachusetts
Fiduciary Real Estate Advisors LLC accepted appointment from Worcester Probate
Court to serve as independent trustee of a personal trust account written
in accordance with a divorce settlement agreement. Fiduciary Real Estate Advisors
arranged for the transfer of multiple real property assets, subject to a long-term ground
lease, to an irrevocable trust where both parties held beneficial
interests. We assumed responsibility for rent collection, mortgage loan payments
and monitoring of the lease terms. Fiduciary Real Estate Advisors worked with
counsel to re-write and negotiate new lease terms favorable to the trust and
to the beneficiaries.
Volusia County, Florida
Fiduciary Real Estate Advisors LLC serves as general manager for approximately
1600 acres of land in Astor, Florida held as an asset of a revocable, personal
trust. We are engaged to oversee the development of approximately 200 acres
of this property into a hunting and fishing resort. Our responsibilities include
construction of buildings, docks, roadways and common areas as well as the
day to day management of the site. Fiduciary Real Estate Advisors has worked
closely with local contractors, attorneys, engineers and all regulatory agencies
to facilitate the development of the property and has attended on site meetings
and submitted proposals to local planning, zoning and assessing departments.
Needham, Massachusetts
Fiduciary Real Estate Advisors LLC was engaged to clean-out, repair and market
a single-family antique dwelling that was severely damaged due to flooding
caused by burst water pipes. Fiduciary Real Estate Advisors arranged for and
supervised the many contractors needed to remedy the situation. We worked
with the fiduciary and the insurance adjuster to negotiate an acceptable loss
settlement.
Transfer of large real estate asset from divorce settlement
Fiduciary Real Estate Advisors LLC accepted Probate Court appointment as an
independent Trustee in connection with a complex divorce settlement. We completed
the transfer of a large real estate asset, subject to a long term lease, from the
husband to the newly formed Trust and prepared a plan for the continued management
of the property. We also assumed control of the income and payment of expenses
associated with the real estate.
Served as expert witness in litigation of two large national banks
Fiduciary Real Estate Advisors LLC has provided services
as an expert witness in connection with litigation involving the Trust Real Estate
departments of two large national banks. The expertise and experience of our Managing
Director enables us to provide expert opinions and advice to banks regarding their
responsibilities to manage trust assets and to satisfy requirements of the Comptroller
of the Currency relating to real estate held in a fiduciary capacity.
Advisor and general manager for private bank client
Fiduciary Real Estate Advisors LLC serves as advisor and general
manager for a private bank client who has substantial real estate holdings in Florida. Included
in these holdings is a large tract of land in North Central Florida that is currently being
developed as a resort and marina complex. We serve as general manager for the project providing
counseling, mediation and oversight in connection with the construction of buildings, boat slips
and other related improvements. Fiduciary Real Estate Advisors LLC provides review of employee
contracts and scope of work proposals from contractors and vendors and works with state, county
and local regulatory agencies to secure necessary permits and approvals for the development.
Residential and commercial property sales
Fiduciary Real Estate Advisors LLC has successfully negotiated and
completed several sales of residential and commercial properties for clients. We coordinated
the services of various professionals in connection with these sales and we handled all aspects
of the transactions from preparing the properties for sale to scheduling and attending the conveyance.
Fiduciary Real Estate Advisors LLC serves as escrow agent for deposits held in connection with
purchase and sale agreements or for security deposits relating to income producing properties.
Serve as successor Trustee of an irrevocable Trust
Fiduciary Real Estate Advisors LLC is currently serving as successor
Trustee of an irrevocable Trust with significant assets including parcels of undeveloped land in
various locations in Florida. One parcel, consisting of approximately 200 acres, was subject to
litigation resulting from trespassing and illegal dumping. After being issued a Notice of Responsibility
from the Florida Department of Environmental Protection, we negotiated a Consent Order with the DEP
and arranged for the remediation of the site. Fiduciary Real Estate Advisors LLC worked closely with
representatives of the DEP, local attorneys, and Florida law enforcement agencies to complete the
Consent Order and to prosecute the parties responsible for the illegal dumping.
Cambridge, Massachusetts
Fiduciary Real Estate Advisors LLC provided assistance to two co-administrators
with the cleaning, repairing and marketing of a large Victorian style dwelling.
We worked closely with the co-administrators, legal staff and multiple beneficiaries
to resolve a very complicated title matter and we were able to secure suitable
insurance for the property when the existing carrier declined to renew the
policy because the property was vacant.