Choosing the right trust for your Florida estate plan is not always the easiest process. With the variety of trust options available, you may be wondering exactly which type of trust administration tools would fit your estate needs. Experts say that those who are considering using trusts should consider a few key factors before deciding which type of estate planning document to use. First, you should examine your Read More

When you are facing the death of a loved one, the last thing you want to think about are finances. However, if the decedent was the "financial boss" of your family, it can be hard to get back on track after he or she passes away. Trust administration and estate planning experts say that the best way to avoid frustration and confusion after a death is to simply plan ahead and communicate your wishes. Everyone needs Read More

Trusts can be an important tool for Florida residents' estate plans. These estate-planning tools have long been used to help reduce or avoid estate taxes for assets that are designed to be passed on to heirs. However, may Floridians may not realize that their own estates may benefit from the use of a trust for wealth transfer. Trust matters warrant a second look by clients and their Florida attorneys, as tax savings Read More

Americans who have set up irrevocable trusts in a location that has overwhelming income taxes may benefit from a process known as estate 'decanting.' This trust administration tool is used for irrevocable trusts, and it is gaining popularity among Floridians and other U.S. residents. Attorneys and estate planners explain that decanting involves simply distributing assets from an old trust to a new one, preferably Read More

Estate planning professionals say that a growing number of Floridians are moving their assets into trusts in no- or low-tax states such as Delaware, Alaska and Nevada. Those trust modifications are coming under the scrutiny of state officials, who say they are losing financial revenue through this type of trust administration tax avoidance. Still, fewer Americans are figuring out ways to bypass estate taxes, even as Read More

A new ruling from a Florida appellate court may change the way that ex-spouses are treated during the estate administration process. The ruling, handed down in November, changes the permissions granted to ex-spouses through trust administration. In many cases, wealthy individuals are more likely to set up a trust that is administered by a trustee who doles out cash according to predetermined rules. Now, the children Read More

Setting up a trust can be a valuable decision for your estate plan. Trusts allow you to protect specific assets from estate tax burdens for example, and they have a variety of other business-related uses. Now, though, many investors are learning that trust matters do not only relate to the establishment of the trust, but also its dismantling. With the estate tax structure changing, some families find that they need Read More

When you hear the phrase "trust fund," you might immediately think of heiresses and high-level socialites who benefit from money set aside by their families. What you might not realize, though, is that trusts have a much wider application for Florida benefactors than simply providing extraordinary amounts of money for a child. In fact, you do not have to be wealthy to choose to administer a trust. In the right Read More

Even though many Floridians may have heard of trusts, they may not fully understand what these important legal documents can do for their estate plans. In fact, proper trust administration does not require a significant amount of effort; your local qualified probate attorney can help you learn more. Today, we will discuss the aspects of trusts that you should discuss with your estate planning professional. There are Read More

Many Americans consider their estate plan complete after they have drafted a last will and testament, never considering the benefits that could come along with trust administrationoptions. Even though you may think that you do not have enough money for a trust, you could still qualify for these helpful estate planning tools. Consider using a trust to avoid taxes, protect your privacy and assets, and bypass probate Read More