Tag Archives: Trust and Estates
Would You Benefit from the Use of a Corporate Trustee?
There are some circumstances in which a person creating a trust opts to use a corporate trustee rather than an individual, such as a friend or family member. Below are a few examples of situations in which you might consider using a corporate trustee. You’re seeking to build wealth with professional assistance Many people have […]
Tips for Choosing the Right Successor Trustee
If you draft a revocable living trust as part of your estate plan, you likely named yourself as the trustee to allow yourself to continue managing your affairs until you are unable to do so, whether due to incapacity or death. Once that point arrives, someone else will need to step in to fulfill the […]
Can Unmarried Couples Engage in Estate Planning?
Estate planning for couples is not limited to those who are legally married. If you have a partner with whom you are very close, you should still prioritize estate planning to ensure he or she inherits your possessions after your death. Otherwise, if you pass away without a valid will, the state’s laws will dictate […]
Leaving an Inheritance for Your Children
Setting up a will when you have young children can pose a number of complications. Because they are unable to manage assets on their own, you will need to figure out how to best care for them until they are old enough to assume financial control. For many people, they avoid this issue by simply […]
Dying Without a Will: Intestate Succession in Florida
Most people understand the importance of drafting a will, and yet they often put it off far too long to the point where they die without one. While this can be stressful for your family, Florida has a number of laws that allow for intestate succession so that your property is passed down to your […]
Dynasty Trusts and the Option to Protect Your Family Fortune
When you’re making plans for your estate, you may wonder not only how you can take care of your children, but how you can plan for the financial security of generations to come. Thanks to changes in the law, Florida retirees now have the option of creating dynasty trusts that offer financial protection to succeeding […]
Beware of Living Trust Mills
As more and more people forego traditional wills and turn to living trusts as their estate planning tool, many are tempted to also avoid the expense of lawyers when drafting their trust. While many companies will offer trusts at wildly low prices, people should beware before considering this low cost option. Trust mills, as they […]
Do Living Trusts Protect Against Creditors’ Claims?
As living trusts become a more and more popular tool for those making estate arrangements, people occasionally get misinformation as to how they function. One common misconception is that living trusts are a legal way for you to leave assets to your family without worrying about creditors’ claims. On the contrary, while living trusts remain […]
Living Wills: Planning for the Unexpected
Whether from illness, accident or old age, individuals are unfortunately often left unable to direct their own medical care. For these reasons, it is important to have a document known as a living will in place. Living wills are legal documents that expressly state what kind of medical care you do or do not […]
Avoiding Probate with Joint Tenancy in Florida
One of the most common questions an estate attorney hears is how a person can avoid probate. This legal process wherein your property is accounted for and transferred according to the terms of your will can be a lengthy and expensive ordeal. Fortunately, one of the easiest ways to save your family from the trouble […]