Category Archives: Trusts
Three Common Mistakes To Avoid When Establishing A Trust
Establishing a trust is an important way for many people to ensure their property is managed and distributed according to their wishes in the event that they pass away or become incapacitated. There are many different types of trusts you can establish but the most common are revocable living trusts. With a revocable trust,… Read More »
Four Reasons To Include A Trust In Your Estate Plan
Many people are aware that they should include a will in their estate plan. However, there are other legal tools that should also be included in your plan, such as a trust. There are many good reasons to include one or more trusts in your estate plan. These legal documents can bring certain benefits… Read More »
Important Things To Know About Trust Administration
If you have been named as trustee of someone else’s trust, you may know that your main task is to follow the wishes of the deceased. However, trustees have many important responsibilities. You will have to communicate with beneficiaries, manage the property of the deceased, and comply with many legal requirements. It is also… Read More »
What Are The Benefits And Drawbacks Of Establishing A Trust?
Trusts are legal documents that allow individuals, known as grantors, to transfer property into a trust. During their lifetime, grantors can control and use the property in the trust. They name a successor trustee to manage the trust after they pass away. Many people choose to include a trust in their estate plan because… Read More »
Revocable Vs. Irrevocable Trusts: What Is The Difference?
Establishing a trust while you are estate planning can feel overwhelming if you do not have proper guidance. You will have many options to decide from and not only will these affect the legacy you leave behind, but your financial security, as well. All trusts in Florida are either revocable or irrevocable and these… Read More »
What Are The Duties Of The Trustee?
When someone creates a trust, they typically act as the trustee during their lifetime, managing and controlling the property within it. They will also name a successor trustee, who will take over the management and control upon the grantor’s, or creator’s, death. Trustees have very important duties. If you are going to establish a… Read More »
Top 6 Reasons To Use A Living Trust
People approach estate planning with different estate issues, different goals, and different family situations. Some individuals have very simple estates that do not require complex estate planning. Others, though, have large estates or complicated assets that require intricate and advanced planning. Trusts are one type of very common estate planning. If you are not… Read More »
Things To Know About Funding A Revocable Trust
People draft revocable trusts for a number of reasons. Trusts are legal documents that can hold the title to property. Trusts are separate legal entities from the person who creates it and so, they are not subject to the probate process after a person passes away. The person who creates the trust is typically… Read More »
How To Contest A Trust In Florida
Trusts are an important component of estate plans for many people. These legal documents have many benefits. Not only can they help your loved ones avoid probate, but they can also protect your property for them, as well as for yourself during your lifetime. Although drafting a trust holds these benefits for you and… Read More »