No one creates a trust for the fun of it; trusts are created to benefit the people we leave behind. In order to ensure that our wishes are carried out as explained in a trust document, though, the trust planning needs to be detail oriented and complete. This is why many Florida residents will ultimately choose an attorney to help them with their trust planning needs.
While it is not a necessity to utilize an attorney to plan your trust, it can certainly help to limit the chances of something going wrong later on down the road. Indeed, boilerplate trust documents are not sufficient when you consider that everyone’s trust and estate planning needs are quite different from each other.
Your trust planning attorney will know exactly which questions he or she needs to ask you in order to pinpoint you goals and financial situation to create the most appropriate estate plan that will be capable of carrying out your plans as you intended. For example, Florida residents who are worried about bequeathing the entirety of their estates to their children at once can create a special fund that distributes the money to the children over time. Before finalizing any plans, a competent trust attorney will review and explain every last detail of your trust with you — even the details that appear like they are inconsequential.
Suffice it to say, professional assistance is not a requirement to create a trust in Florida. Anyone can log onto the internet and download a trust document form to fill out. Those who go this route, however, may not be fully informed about all the trust options available to them. They might also miss pertinent details that could render the trust vulnerable to being challenged and litigated after they are gone.
Source: fa-mag.com, “Devil Is In The Details For Trusts” Karen Demasters, Nov. 02, 2014