Tag Archives: Florida Trusts
Do I Need a Spendthrift Trust in My Estate Plan?
Will, Trust and Estate Planning Attorneys in Palm Beach County and Martin County FL There are many different types of trusts which can be used in a comprehensive estate plan, each with a specific purpose meant to satisfy the highly personalized needs and wishes of individual clients. Spendthrift trusts are meant to clearly define… Read More »
What Happens if All the Trustees of a Trust Have Passed Away?
Trusts are often touted as the superior estate planning vehicle because of the different tax benefits they offer and the way they make it possible for heirs to avoid probate proceedings. However, wills come with certain advantages, too. For example, a trust will run into problems if the trustees named in the document, as… Read More »
How Do Trust Accounts Work?
Florida residents create trusts for a lot of different reasons. Trusts might be created as a part of one’s estate plan to guide and direct the use of your assets long after you have died. Trusts might be used to dispense your money to your heirs after you are gone. Trusts might also be… Read More »
Trusts: Getting to Know the Basics
A trust is a legal document that dictates how you want the property held inside the trust to be used. In the world of estate planning, for example, a Florida resident might provide instructions for his trust to pay out a certain amount of money to each of his or her heirs. Alternatively, the… Read More »