Expert Trust Creation Assistance
Creating a trust is a proactive measure to manage your assets, safeguard your wealth, and simplify the distribution of your estate. At Kelley Grant & Tanis, our attorneys are proud members of the Florida Bar and specialize in establishing trusts tailored to your financial objectives and family dynamics. We offer comprehensive guidance to clients throughout Florida, ensuring your assets are organized and passed on according to your precise intentions.
Understanding Trusts in Florida
A trust is a legal arrangement in which one party (trustee) manages assets for the benefit of designated beneficiaries. Establishing a trust allows you to dictate specific terms regarding asset distribution, provide creditor protection, potentially minimize taxes, and avoid probate. Trusts are essential tools in effective estate planning, providing clarity, security, and efficiency in managing your assets.
Types of Trusts We Offer
Our attorneys help clients establish various types of trusts, including:
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Revocable Living Trusts: Offer flexibility, allowing you to manage and alter terms during your lifetime.
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Irrevocable Trusts: Remove assets from your taxable estate for robust asset protection and potential tax advantages.
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Special Needs Trusts: Ensure financial security for loved ones with disabilities without impacting their eligibility for government benefits.
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Charitable Trusts: Support charitable causes while providing possible tax benefits and leaving a meaningful legacy.
Revocable Living Trusts
Revocable living trusts allow you to maintain full control over your assets during your lifetime, including the ability to amend or revoke the trust. Upon your passing, these trusts transfer assets directly to your beneficiaries, bypassing probate and maintaining privacy. Our attorneys ensure your trust complies with Chapter 736 of the Florida Statutes.
Irrevocable Trusts for Protection
Irrevocable trusts offer substantial protection by permanently transferring ownership of assets out of your estate. This structure can significantly reduce estate taxes and shield assets from creditors. Our attorneys assist in creating these trusts to achieve maximum asset protection and tax efficiency.
Special Needs Trusts
Special needs trusts are designed to provide ongoing financial support for individuals with disabilities. They protect beneficiaries’ eligibility for government assistance programs while enhancing their quality of life with additional resources. We collaborate with clients to develop customized trusts that address unique family needs.
Charitable Trusts
Charitable trusts allow you to combine philanthropic goals with effective estate planning. Establishing a charitable remainder or lead trust enables you to support causes important to you, providing financial benefits to your heirs while achieving favorable tax outcomes.
If you’re ready to discuss creating a trust, call us today at 1-877-871-8300 to speak directly with one of our team members.
Benefits of Working with a Trust Attorney
Trust creation involves intricate legal details and careful planning. Our attorneys assist by:
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Tailored Trust Structures: Developing personalized trusts aligned with your individual goals and circumstances.
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Legal Compliance: Ensuring adherence to all Florida statutory requirements to avoid future conflicts.
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Tax Efficiency: Advising on strategies to minimize estate and gift taxes, preserving more wealth for your beneficiaries.
Frequently Asked Questions
Who should consider establishing a trust?
Trusts benefit individuals at any financial level, offering probate avoidance, asset protection, and flexible management of wealth.
How does a trust differ from a will?
A trust can manage assets during your lifetime and after your passing, providing privacy and avoiding probate. A will only takes effect after death and typically must go through probate.
Can a trust be changed after creation?
Revocable trusts can be modified or revoked at any time during your lifetime. Irrevocable trusts generally cannot be altered once established, though certain exceptions may exist.
What assets can be included in a trust?
Most assets, including real estate, investments, financial accounts, life insurance, and personal property, can be placed in a trust.
Do I need a lawyer to create a trust?
Working with an experienced attorney ensures proper drafting, compliance with Florida law, and alignment with your specific wishes, preventing future issues.
