Trust Attorneys in Florida
Helping You Prepare for the Future
Trusts are related to wills, but they are not the same. Trusts are used to achieve a variety of goals. They are estate planning tools that help manage property. The trust writer transfers benefits and obligations to a third party. When you need assistance with trusts in Florida, The Berman Law Group can help. We have five convenient offices in Boca Raton, Deerfield Beach, Orlando, Stuart, and Gainesville.
Contact us online or call (800) 375-5555 to learn more about trusts or to schedule a free consultation.
When to Establish a Trust
Trusts are helpful tools for individuals hoping to pass assets onto loved ones in a safe and reliable manner.
An example of a good time to establish a trust is when you have children who will want to go to college. Someone, upon perishing, grants money to a bank. The bank would then manage the money to ensure that there are enough funds for someone’s kids to be educated.
With a trust, specific conditions can be stipulated. Payments could be spread over time. Trusts are more flexible than wills.
Revocable Trust Attorney
When a person transfers their assets into a revocable trust, they own no assets after death. This means that the property is not subject to the probate process. It also means that your property is transferred to the beneficiaries more quickly. A trust allows you to select a guardian for your children.
Revocable trusts are also known as living trusts. There are certain tax benefits to a living trust, especially for married couples. Due to the fact that they do not go through probate, there are no costs associated with the probate process.
Living Trust Lawyers
One of the most important advantages of a living trust is that it is private. A living trust is not public. Wills are a matter of governmental record. By default, wills and testaments must be open for everyone to observe.
A will without durable power of attorney is prone to certain unwanted outcomes. The court will appoint someone to look over someone’s financial affairs should they become incapacitated and their will lacks certain clauses. The executor must report to the court in these cases. Having a revocable trust means that you avoid this.
Trusts are far more difficult to contest than wills. They hold up far more often that wills do.
A living trust does not make sense for everyone. It is a good idea to consult with a lawyer before you acquire one.
Consult with The Berman Law Group
Our Florida trust attorneys have significant experience advising clients on their options regarding trusts and helping clients establish trusts. We can help review, draft, or help you with your trust. When you want to write a trust, it is absolutely vital to have a skilled lawyer by your side. Writing your trust incorrectly will not yield the results you may want.
Call us today at (800) 375-5555 to get started.
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