Estate Planning and Trusts
Can trusts really save me money?
I don’t have that many assets.
Do I really need estate planning?
Do trusts avoid probate?
Estate planning is managing your property (both real estate and personal property) and assets in ways that save or make you money and lighten your tax burden. Everyone can benefit from an evaluation of your property and assets by making plans on how to handle them. If you think that estate planning is just for millionaires or billionaires, then you can be losing out on advantages the Florida law allows.
Trusts are a very effective tool in estate planning. A trust can protect your property and assets from creditors and taxation. Trust are flexible and private since they do not have to be recorded in the county records to be effective. Currently, Florida is one of the few states that allows trusts to exist for a very long period of time so that assets can be available for future generations.