Trust Creation Services in Florida
The process of setting up a trust is a measured way to manage and protect your holdings, ensuring long-term security and reassurance. At Kelley, Grant & Tanis, our attorneys, who are committed members of the Florida Bar Association, help individuals throughout the state create trusts tailored to their financial objectives and family situations. Our legal team guides you through every phase of the trust creation procedure, making certain your assets are administered and distributed according to your preferences.
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What is a Trust?
A trust is a legal structure in which a trustee oversees assets for the benefit of named beneficiaries. This arrangement can assist you in safeguarding your holdings and regulating their distribution, making it a core element of a well-rounded estate plan. Trusts can offer tax benefits and help bypass the probate process.
Types of Trusts We Offer
Our firm provides a variety of trust solutions to address different estate planning needs. Revocable Living Trusts allow you to maintain control of assets and avoid probate. Irrevocable Trusts for Asset Protection provide a higher degree of security by shifting ownership out of your estate. Special Needs Trusts ensure continued care for loved ones without affecting government aid eligibility. Charitable Trusts allow individuals to support favored causes while potentially achieving tax advantages.
Revocable Living Trusts
A revocable living trust suits individuals who wish to retain control over their holdings while avoiding probate. It can be modified or dissolved at any time during your life. Upon your passing, the assets contained in the trust pass directly to beneficiaries without going through probate.
Irrevocable Trusts for Asset Protection
Irrevocable trusts are frequently used to shield assets from creditors and reduce estate taxes. Placing holdings into an irrevocable trust removes them from your taxable estate, introducing a reliable level of security. Our attorneys assist you in forming irrevocable trusts that align with your objectives, ensuring compliance with Florida law.
Special Needs Trusts for Loved Ones
Planning for a family member who has special needs calls for careful attention. Special needs trusts let beneficiaries with disabilities receive necessary support without losing eligibility for certain aid programs. Our lawyers set up these trusts to secure essential care, with dedicated funds allocated for their welfare.
Charitable Trusts for Legacy Planning
A charitable trust enables you to support meaningful causes while possibly benefiting from tax incentives. We aid in creating charitable remainder and lead trusts, letting you help nonprofits and still provide for family members, all while building a purposeful legacy.
Why Work with a Trust Attorney?
Crafting a trust involves legal and financial decisions that impact your assets and beneficiaries. Our attorneys add value by customizing trust details to match your aims and circumstances, ensuring trust documents meet Chapter 736 of the Florida Statutes, and advising on reducing estate and gift taxes so that beneficiaries retain more of your wealth.
Frequently Asked Questions
How do trusts benefit Kissimmee residents?
Trusts let you manage and allocate your property without going through probate. This can help you maintain privacy, streamline the distribution of assets, and possibly gain tax benefits.
Can a trust offer additional security against lawsuits in Florida?
Yes, certain trust types, like irrevocable trusts, can protect your wealth from creditors. Our attorneys will advise on which structure best addresses your asset protection needs.
What is probate, and why do trusts help avoid it?
Probate is the legal procedure for confirming a will and overseeing the distribution of assets. It can be lengthy and public. Assets held in trust generally bypass probate, making the transfer to heirs more discreet and efficient.
Do I need an attorney to set up a trust?
While it is possible to use templates or online services, working with an experienced estate planning attorney ensures compliance with Florida statutes and helps confirm that your trust accurately reflects your goals.
Can I alter or revoke my trust later?
If you choose a revocable living trust, you can modify or revoke it while you are alive. However, an irrevocable trust usually cannot be changed once set up, offering stronger asset protection.
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About Kissimmee, Florida
Kissimmee, located in Osceola County, has around 81,000 residents. The city is usually known for how close it is to Walt Disney World Resort. Notable places include Old Town, known for shops and restaurants, and Lake Tohopekaliga, popular for fishing and water activities. Kissimmee’s local economy stretches across hospitality, retail, healthcare, and education, supported by both established businesses and innovative enterprises. Residents benefit from amenities such as Osceola Heritage Park and the Kissimmee Lakefront Park, each providing opportunities for community engagement and recreation. Through working within Florida’s legal frameworks, individuals and enterprises in Kissimmee can arrange their holdings thoughtfully, ensuring their resources remain secure against potential challenges.
For more information on our trust creation services, visit our Trusts, Probates & Estates practice area.
