Tag Archives: trusts
Why Do People Put Off Estate Planning?
Despite the importance of estate planning for everything from passing down assets to arranging end-of-life care, there’s a significant number of Americans who put off their estate planning as long as possible. Why do so many people avoid estate planning, even if they know how important it is? The following are a few of the […]
What Are the Fiduciary Duties of a Florida Trustee?
Trusts are some of the most powerful tools in an estate plan. There are many types of trusts, but typically they work by allowing someone to transfer assets into the trust and then putting those assets to work to care for specific people or further a defined goal. In some ways, a trust functions like […]
When Is The Right Time to Create or Update Your Estate Plan?
If you do not have a comprehensive estate plan in place, you should consider creating one immediately. The truth is that we never know how long we have left. Even if you create an estate plan decades before you actually need it, you immediately gain the comfort of knowing that your family will be taken […]
The Importance of Having a Will Even if You Have Trusts
Everyone needs a will, regardless of how large or complex their estate is. Whether you are just getting by, or you have a detailed portfolio of real estate and business holdings, a valid and up-to-date will must be part of your estate plan. Many people with sophisticated investments and assets already make use of a […]
Can You Create a Trust for a Minor?
As families explore the various ways to manage their estates and care for their children, they may consider the benefits of a trust. Trusts are essentially legal arrangements in which property is transferred for the future use of a beneficiary. These estate planning tools are becoming increasingly popular, as they offer a number of tax […]
Learning the Basics on Trusts
When it comes time to begin making arrangements for your estate, you might find that there is a great deal of information to go through and understand. With so many types of estate planning tools available, each with its own relative benefits, you may be wondering what the best option is for you. Increasingly, Americans […]
What is a Revocable Living Trust?
A revocable living trust is a type of agreement included in an estate plan that designates a person who will be responsible for managing your property. Unlike other types of trusts, it can still be managed by the creator while he or she is alive and considered to be mentally competent, and he or she […]
How to Disinherit an Heir from Your Will
If you die without a will, all of the property in your estate will be distributed according to state law. This means that a surviving spouse and children will be the first to receive your property. Establishing a will is one way to gain greater control over the distribution of your assets, but there may […]
What is a Spendthrift Trust?
Do you have a son or daughter who is financially irresponsible? Do you worry about the decisions he or she may make after you die? You are not alone. Many parents have concerns about their children squandering their inheritance and making foolish investments. One solution is to leave your child nothing. Florida law allows you […]
Pet Trusts: Taking Care of Your Pet After You Die
If you have a will, when was the last time you updated it? While your last will may contain provisions about your children, spouse, siblings and other relatives, have you thought about what will happen to your beloved pet if something should happen to you? Many individuals who enter the estate planning process have thought […]