Tag Archives: revocable trust
Is My Revocable Trust Liable for My Personal Debts?
A trust is a vehicle for disposing of your assets without the need for probate after you die. It is, at least in the case of revocable trusts, not a mechanism to shield your assets from creditors. The reason for this is simple: As long as you have the power to revoke the trust,… Read More »
Can My Florida Trust Be Modified After I Die?
Generally speaking, if you create a revocable living trust as part of your estate plan, the trust becomes irrevocable upon your death. In other words, your successor trustee cannot unilaterally modify the terms of the trust. In some situations, however, a Florida probate court can “modify the terms of a trust” if it is… Read More »
Will Adding My Child to My House Deed Help Avoid Probate?
A common estate planning goal for many Florida residents is keeping a home or other real property within the family. There are a number of options to accomplish this objective. You can simply leave the property to a family member in your last will and testament. But this means the home will need to… Read More »
Some basic information about Florida trusts
Most Florida residents know that a will is traditionally the central component of a good estate plan because it spells out the testator’s specific wishes regarding their assets. And while a will can specify details about the distribution of property, sometimes a better option is to create a trust in order to properly manage… Read More »
Some key differences between wills and trusts
The differences between wills and trusts are numerous and depending upon your situation, one might be more appropriate than the other. Wills and trusts also have a lot in common. At their core, both documents are simply estate planning tools in which you appoint a person to distribute your assets under certain terms and… Read More »
Trust Administration Experts Available in Fort Myers
By now, most individuals are familiar with the general concept of a trust. Rather than just gifting a large sum of assets to beneficiaries, many individuals choose to direct those funds in a controlled way. The most common example is grandparents who provide for their grandchildren’s education before granting them a larger lump sum… Read More »
Floridians wonder about revocability of trusts
Florida residents have enough on their plate. From running their businesses to taking care of their kids, adults have little time to manage issues on their periphery. Estate planning is one of the issues that is often pushed back until another day. This delay is also caused by confusion over what is needed in… Read More »
New Study On Trusts vs. Wills Enlightening For Florida Residents
Most Florida residents know that various documents have become an important part of the estate planning process. While wills continue to have a role, many locals see trusts as an effective way of avoiding the cumbersome probate process. Now, a new international study suggests that this American model is being followed overseas as well…. Read More »
