Trusts might seem like the most complicated part of estate planning. Unlike a will, which can be basic enough, trusts are an estate planning mechanism that can be used to avoid probate court, minimize tax implications and, for the most part, make it easier to transfer...
Many people in Florida choose to include trusts as part of their estate plan. A trust can be a useful vehicle for passing on your assets to loved ones or a favorite charity upon your death. Trusts are overseen by a trustee named in the trust document. The following...
Estate plans and wills come in all different shapes and sizes. Some are relatively straightforward because there was one spouse and one child, while others will be more complicated because there was more than one marriage with several children and stepchildren...
Selecting a trustee is an extremely important part of a Trust, and may have tax consequences. Almost anyone can be named as your trustee. Unlike the appointment of a personal representative of a probate estate, a trustee is not required live in Florida or be related...
Acting in the role of a trustee is not an easy position. The specific powers and responsibilities depend on the instructions in your trust documents. Although important, the prudent investment of trust assets is not a trustee’s only responsibility. Generally, a...