Category Archives: trusts
Special Needs Trusts
Special needs trusts serve the needs of families requiring adult beneficiaries to be cared for beyond a caregiver-testator’s life. The trust can be created so that an executor is appointed to oversee distribution of funds and the well-being of the special needs beneficiary. If you care for a loved one with a permanent physical… Read More »
Pet Trusts in Florida: What You Need to Know
Animals play an important role in many people’s lives. The Insurance Information Institute (III) reports that approximately 85 million American families own at least one pet. Whether it is a dog, cat, or more exotic animal, a pet can become a true member of the family. You may be wondering: Can my pet be… Read More »
Learning About Specific Types of Trusts in Estate Planning
We recently discussed some of the most common structures of trusts with you, including revocable trusts, irrevocable trusts, and testamentary trusts. As we explained, these types of trusts allow an individual to ensure that assets pass to specific beneficiaries at certain points in time. In some cases, trusts allow the beneficiary to obtain the… Read More »
What Types Of Trusts Can I Create With An Estate Planning Lawyer?
An essential part of estate planning for any high asset individual, or for anyone who has a child or another dependent with special needs, is creating a trust. Yet trusts certainly are for more than just wealthy individuals. While they can allow high net worth people in the Tampa area to seek tax protection… Read More »
Updating Your Will and Trusts When You Get Divorced
Planning for divorce in Florida requires extensive work. It is extremely important to work with an experienced Tampa divorce attorney on your case, and then most divorces require the parties to make extensive and complete lists of property to ensure that all marital and separate property is classified accurately so that it can be… Read More »
Talking To Your Parents About Estate Planning
Estate planning is something every adult should do. However, that does not mean every adult does it. According to a survey conducted by Caring.com, only one in four American adults has a living trust or a will. If your parents are among the 60 percent of Americans who do not have estate plans in… Read More »
Are Your Estate Plans Complete?
Estate planning can be a complicated process. Part of what can make it complicated is that it involves multiple documents and plans, rather than being something that can be worked through in a single sitting. It also forces the planner to reflect on his or her life in ways that can be uncomfortable, especially… Read More »
Estate Planning Strategies During Your Peak Career Years
Generation X, the segment of the population that gets less attention than baby boomers and millennials, are in the midst of their peak years of professional achievement and earning capacity. The end of life is still too far away to provoke thoughts of mortality, but the need to institute an estate plan becomes more… Read More »
Picking the Right Trust for You
Picking the right estate plan is one of the most important decisions a person will make because the ramifications extend far beyond the life of the creator. Trusts are one of the most common forms of estate planning used due to the flexibility and advantages they offer. There are two basic categories of trusts:… Read More »
Knowing When to Remove a Trustee
Trusts are a key component of many estate plans because of the flexibility they offer for managing assets while alive and after death. At its most basic, a trust is legal arrangement that allows a trustee to hold title over a property for the benefit of beneficiaries. Living trusts, for example, allow the creator… Read More »
