A child or grandchild with special needs is someone who might benefit from the structure and the wealth preservation offered by a trust in Florida. These trusts can be specially designated and designed to protect them and their well-being without blocking them off...
Qualifying for a special needs trust in Florida
For Florida families of people with disabilities, special needs trusts can play an important role in ensuring that loved ones are cared for. Many people with disabilities must access government programs like Social Security benefits or Medicaid in order to obtain the...
Is it possible to contest a trust like you can contest a will?
It's common for Florida residents to create a will or trust. While most people know that wills can be contested, it's fair to wonder if the same can be said for trusts. It's possible to legally contest a trust if you believe that your loved one didn't intend for the...
Why estate planning is a gift for your family
The death of a family member can be devastating. Having to untangle your financial details without the help of a solid estate plan can make a difficult time even worse and may even put unnecessary strain on family relationships. An estate plan can help minimize your...
Support your special needs trust with a letter of intent
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...
