Creating a trust for your special needs child can help promote a good life for your child when you are no longer around to provide love and support. Still, making a special needs trust is not the end of the process. You should also make sure any caretaker for your...
How can family members be disinherited?
The old saying that blood is thicker than water is not always true. Many families experience years of conflict, which can come to a head when a person dies and family members realize they have been left out of the will. Who receives your assets after you are gone is...
Social Security benefits and special needs trusts
Whether you are a beneficiary and are unsure of how your inheritance will impact your ability to receive Social Security benefits or you are creating a trust and worry about how the assets you pass down will affect a loved one's SSI eligibility, it is crucial to...
Do I need a special needs trust if we do not use benefits?
One of the biggest benefits of a special needs trust is that it helps take care of an individual who receives Supplemental Security Income while not interfering with it. Special needs trusts can also help protect beneficiaries in the event of litigation. However,...
Do I need a trust if I have a will?
Everyone thinks a will provides for the future of their loved ones. But a will means probate court plays a role in dividing your assets in ways that may not follow your wishes. That is why you also should consider establishing a revocable living trust. A trust gives...
What types of trusts are there?
Florida residents may wish to have a trust. They have many different uses. There are also many types of trusts that cover varying purposes. Today we will look at some of the types of trusts that are common. First, most trusts fall into two categories: revocable and...
What is a special needs trust?
Formulating a regular will in Florida can be a process on its own, but if you are looking to provide for a loved one with special needs, the situation becomes much more complicated. In the event that you are looking to support a loved one with special needs,...
Is a pet trust right for you?
When setting up your affairs for what happens after you die in Florida, one thing you have probably considered is what the fate of your pet will be. You may have even put some specific instructions about the care your pet is to receive in your will. One thing you may...
Why go with a revocable trust?
In Florida, there are a number of different ways you can go about managing your assets such that they will be properly distributed after your death. You can designate beneficiaries in a last will and testament, for one thing, and you can also set up a trust. One type...
Exploring the advantages of a special needs trust
For those with special needs, as well as those who take care of loved ones with special needs, daily life can be difficult for different reasons. There is often a lot of uncertainty, especially when it comes to financial matters. Fortunately, there are steps that can...
