You’ve likely heard it before: An irrevocable trust is “set in stone.” So have thousands of other Florida families who assumed that signing a trust meant giving up all control. After all, once it’s irrevocable, it’s irrevocable, right? That used to be true. But thanks to laws updated over the […]
Category: Trusts
In Florida estate and trust administration, it is not uncommon for the trustee to also be a beneficiary of the same trust. At first blush, this can seem like no big deal or even logical. After all, trustees are typically family members, and in many cases, those family members are […]
Trusts are a popular option in estate planning for a variety of reasons. They allow you to transfer your assets without going through probate. They can provide significant tax benefits. You can retain greater control over your assets and allow for greater flexibility. If you are considering creating a trust, […]
One of the most fundamental reasons why people choose to create a trust over a will is so that they can avoid the probate process. This can sometimes create the mistaken impression that the formation of a trust eliminates the need for legal representation. While you do not have to […]