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,...
Trusts
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...
Setting the record straight about revocable living trusts
Potential estate planners here in Palm Beach probably already know not to believe everything they hear or read. This applies to revocable living trusts as well. A lot of information out there regarding this useful document could mislead people into either avoiding it...
Do trusts provide advantages that wills don’t?
When Palm Beach residents talk to anyone about estate planning, one of the first things they probably hear is that they need a will. While that is good advice, other circumstances involved could require more than just a last will and testament. Trusts have certain...
Some trusts are not really irrevocable
During their lives, many Palm Beach residents create an estate plan that they can change and that will serve them. Part of those plans may include revocable trusts, which means they can be changed, and that become irrevocable, which means they cannot be changed, upon...
The primary difference between revocable and irrevocable trusts
As Palm Beach residents begin their estate planning, they will more than likely be confronted with numerous decisions to make. If it turns out that one or more trusts would work best for a particular situation, then one other decision will need to be made -- whether...
Trusts are nothing without the right trustee
Many Palm Beach residents go beyond a last will and testament when it comes to providing for their families after death. They also use trusts to pass on assets to loved ones in a more controlled, private and protected manner. Regardless of how carefully such documents...
Understanding charitable trusts
If you enjoy giving back to your Florida community by donating to your church or favorite charity, have you ever thought about establishing a charitable trust to give your donations more structure and certainty? If you are unfamiliar with charitable trusts, it likely...