A solo ager is a person who does not have children. Typically, a person will rely on one's children for assistance with managing personal affairs as he or she ages. In the event that a person in Florida does not have a child who can help, that individual may wish to...
Trust Administration
Survey shows family drama among estate planning woes
In light of recent news about tax law changes, some people are worried about how the changes could affect future plans, but a survey shows that even more people are concerned about family issues. Due to the changing and expanding nature of families, estate planning...
Avoid this mistake for easier trust administration
An estate plan can be a useful tool for the person who wants to protect assets and ensure a smoother transition. As part of an estate plan, many Florida residents elect to create a revocable living trust to house their assets. Unfortunately, after setting up the...
Funding a trust now can help with trust administration later
A new car without fuel might be considered useless. Similarly, a trust that hasn't been properly funded won't be of much use and can be a headache for the individual charged with trust administration. It can be easy and relatively inexpensive to create a trust, but...
Using a trust to transfer assets
When it comes to estate planning, individuals have several options and many details to consider. One way to transfer assets to beneficiaries or heirs is through a structure called a trust. A trust has certain benefits for Florida residents who are looking into the...
Trust planning: Avoiding common pitfalls
When individuals approach preparations for the distribution of their assets, it is likely that they wish to avoid any situations that could lead to confusion about their final wishes. Whether a person creates a will, or dives deep into trust planning, once the effort...
A trust can provide stability for a child’s future
Once a person has climbed the mountain of accruing wealth, they usually desire a way to share that wealth with family. A person who has retired and is debt free will likely be thinking about estate planning. Not every person will have confidence in a child's...
Trust administration attorneys can help with choosing a trustee
Important legal documents should be prepared with care and understanding. A living trust is no different. When creating a trust, one should weigh the important question of who should become the successor trustee, knowing that the position comes with heavy...
Trust administration and revocable trusts in Florida
The legacy one leaves behind can be managed in a variety of ways. Some opt for the traditional will, and others decide that a trust is the right choice for their needs. A revocable trust is a type of trust that allows the grantor to alter or revoke the trust should...
Housing: Is a trust a good idea to protect your home?
As you age, you know that you want to protect your assets. One of your most valuable assets is your home. Should you place your home in a trust to protect it? There are advantages and disadvantages to putting your home in a trust. While a trust can protect your home,...