Trust Creation Services in Florida
Trusts are essential tools for organizing and safeguarding your assets, ensuring both financial stability and peace of mind. At Kelley Grant & Tanis, our attorneys are all proud members of the Florida Bar, assisting clients throughout Florida in establishing trusts tailored to their specific financial objectives and family circumstances. Our experienced attorneys guide you through each step of the trust creation process, ensuring your assets are managed and distributed according to your wishes.
Need Guidance with Asset Protection in Fort Lauderdale?
Contact Kelley Grant & Tanis for Professional Support | Learn More About Our Trusts, Probates & Estates Services
What is a Trust?
A trust is a legal arrangement where a trustee manages assets on behalf of designated beneficiaries. This structure allows individuals to protect and direct the distribution of their assets, making trusts a fundamental component of comprehensive estate planning. Trusts provide advantages such as tax efficiency and shielding assets from the probate process.
Types of Trusts We Offer
Our firm provides a range of trust options, each designed to address different estate planning needs. Key types of trusts include:
- Revocable Living Trusts: Offers adaptability, allowing you to manage and modify the trust during your lifetime.
- Irrevocable Trusts: Provides substantial asset protection by transferring ownership out of your estate, safeguarding assets from creditors.
- Special Needs Trusts: Created to support loved ones with disabilities without affecting their eligibility for government benefits.
Revocable Living Trusts
A revocable living trust is ideal for individuals who wish to maintain control over their assets while avoiding the probate process. This type of trust allows you to amend its terms or dissolve it entirely during your lifetime. Upon your passing, the assets within the trust are distributed directly to beneficiaries, bypassing probate and ensuring privacy.
Special Needs Trusts for Loved Ones
Planning for a family member with special needs requires careful consideration. Special needs trusts provide for beneficiaries with disabilities without jeopardizing their eligibility for government assistance programs. Our attorneys help clients establish these trusts to ensure that loved ones receive the necessary care, with funds allocated for their specific needs.
Irrevocable Trusts for r Loved Ones
Planning for a family member with special needs requires careful consideration. Special needs trusts provide for beneficiaries with disabilities without jeopardizing their eligibility for government assistance programs. Our attorneys help clients establish these trusts to ensure that loved ones receive the necessary care, with funds allocated for their specific needs.
Charitable Trusts for Legacy Planning
A charitable trust enables clients to support causes they care about while potentially receiving tax benefits. We assist clients in creating charitable remainder and lead trusts, allowing them to contribute to charitable organizations while still providing for family members, thereby establishing a meaningful legacy.
Why Work with a Trust Attorney?
Establishing a trust involves important legal decisions that affect the future of your assets and beneficiaries. Our attorneys provide valuable support by:
- Customizing Trust Terms: Drafting tailored trusts that align with your specific goals and financial requirements.
- Navigating Legal Requirements: Ensuring all trust documents comply with Chapter 736 of the Florida Statutes to prevent future issues.
- Advising on Tax Implications: Helping reduce estate and gift taxes to preserve more of your wealth for beneficiaries.
Frequently Asked Questions
What distinguishes a revocable trust from an irrevocable trust in Fort Lauderdale?
A revocable trust allows you to modify or dissolve the trust during your lifetime, offering flexibility and control. In contrast, an irrevocable trust generally cannot be changed once established, providing stronger asset protection and potential tax benefits.
Can a trust protect my assets from lawsuits in Florida?
Yes, certain types of trusts, such as irrevocable trusts, can shield your assets from creditors and legal judgments. Our attorneys can help you determine the best trust structure to protect your assets based on your specific situation.
Are there specific Florida laws that govern trust creation?
Yes, trust creation and administration in Florida are governed by Chapter 736 of the Florida Statutes. Our attorneys ensure that your trust complies with all relevant state laws to guarantee its validity and effectiveness.
How can a trust benefit my family in the long term?
A trust can provide long-term financial security for your family by ensuring that assets are distributed according to your wishes, minimizing tax burdens, and avoiding the delays and public nature of probate.
What steps are involved in creating trust with Kelley Grant & Tanis?
Our process involves assessing your financial situation, determining your goals, selecting the appropriate type of trust, drafting the necessary legal documents, and ensuring compliance with Florida laws. We work closely with you to create a trust that meets your specific needs.
Looking to Secure Your Future with a Trust?
Reach Out to Kelley Grant & Tanis Today | Explore Our Trusts, Probates & Estates Services
About Fort Lauderdale
Fort Lauderdale, Florida, is a notable city with a population of approximately 184,000 residents. The city has a reputation for its extensive canal system and beautiful beaches, including Fort Lauderdale Beach and Las Olas Beach. Fort Lauderdale’s economy is bolstered by sectors such as tourism, marine, and aviation industries. The city offers numerous recreational facilities and public spaces, providing residents with opportunities for outdoor activities and community engagement. Additionally, Fort Lauderdale hosts various local events and cultural activities.
