Clearwater Living Trusts Attorney
A Living Trust is one you create while you are alive as opposed to one created automatically upon your death. A Trust is basically a legal arrangement in which one party holds and manages money owned by a second, for the benefit of a third.
The main benefit of a Living Trust is the avoidance of probate. The Trust avoids probate because when you die, the "corpus," or whatever assets are in the Trust, is not part of your estate. Probate not only takes time and effort, but the fees are also significant, and you will save these fees. Asset protection is another benefit. A Trust can also avoid disputes during probate.
AV Preeminent* rated, Master of Laws in Elder Law, member of the National Academy of Elder Law Attorneys (NAELA), member of the Academy of Florida Elder Law Attorneys (AFELA)
Revocable Living Trusts
The most popular Living Trust is a revocable Living Trust. You can designate yourself as the trustee and you can cancel the Trust at any time. And if you die, the beneficiaries you have designated take possession of the funds without complication. Contact our office for details and to ensure that you are gaining the greatest benefit while avoiding risk.
What Happens if I am Incapacitated?
If you are incapacitated, a successor trustee named by you assumes control of the Trust. This may be your spouse or one of your trusted children.
Prudent estate planning makes things easier for your loved ones and maximizes their inheritance. The Charles Law Offices provides comprehensive legal services to people in the Tampa Bay area. Dunedin estate planning lawyer Susan Charles holds not only a Juris Doctor, but an LL.M. (Master of Laws, an advanced law degree) in Elder Law. Contact the firm today.
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.
