Trust Creation Services in Florida
Arranging your affairs through a trust can establish a long-lasting framework for managing and distributing your assets, helping to maintain financial certainty and carefully preserving your legacy. At Kelley Grant & Tanis, our attorneys are proud members of the Florida Bar, committed to assisting clients statewide in crafting trusts that align with their unique financial objectives and family structures. Our experienced legal team guides you through each phase of the trust creation process, ensuring your assets are directed and allocated according to your preferences.
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What is a Trust?
A trust is a legal structure in which a trustee manages assets for designated beneficiaries. This arrangement allows individuals to safeguard assets and direct their future distribution, making trusts a key element of comprehensive estate planning. Trusts can streamline asset transfers, avoid probate, and offer tax advantages, ultimately granting you greater control over how and when beneficiaries receive their inheritances.
Types of Trusts We Offer
Our firm provides a variety of trusts to meet different planning needs:
- Revocable Living Trusts: Grants flexibility to amend or revoke the trust during your lifetime.
- Irrevocable Trusts: Offers enhanced asset protection and potential tax benefits by removing assets from your taxable estate.
- Special Needs Trusts: Ensures continuous support for loved ones with disabilities without affecting their eligibility for government benefits.
- Charitable Trusts: Allows you to support charitable causes while potentially achieving tax advantages and leaving a lasting philanthropic impact.
Revocable Living Trusts
A revocable living trust is suitable for those who prefer to maintain control over their assets while simplifying the inheritance process. You can adjust or end the trust at any point during your life. After you pass, assets within the trust transfer directly to beneficiaries, avoiding probate and preserving privacy.
Irrevocable Trusts for Asset Protection
By placing assets into an irrevocable trust, you remove them from your taxable estate, potentially reducing estate taxes and safeguarding them from creditors. Our attorneys ensure that these trusts comply with Florida law and align with your long-term asset protection goals.
Special Needs Trusts for Loved Ones
Special needs trusts provide ongoing care and financial security for beneficiaries with disabilities, without jeopardizing their eligibility for essential public assistance programs. Our team collaborates with clients to create these trusts so beneficiaries receive the necessary support tailored to their circumstances.
Charitable Trusts for Legacy Planning
A charitable trust can turn your philanthropic vision into a tangible legacy. Whether establishing a charitable remainder or lead trust, you can direct funds to charitable organizations while still providing for family members, creating a meaningful balance between altruism and familial responsibility.
Why Work with a Trust Attorney?
Forming a trust involves substantial legal and financial considerations. Our attorneys offer valuable guidance by:
- Customizing Trust Details: Drafting trusts that reflect your distinct objectives and family needs.
- Ensuring Legal Compliance: Confirming all documentation adheres to Chapter 736 of the Florida Statutes to prevent future disputes.
- Advising on Tax Implications: Identifying strategies to help retain more wealth for your beneficiaries.
Frequently Asked Questions
How much does it cost to create a trust?
The cost of establishing a trust varies based on the trust’s complexity, the chosen type, and attorney fees. Consulting with an estate planning attorney in Weston can help you determine an accurate estimate considering your assets and personal goals.
What assets can be placed in a trust?
You can include various assets in a trust, such as real estate, bank accounts, investments, life insurance policies, and personal property. Properly transferring these assets ensures that your instructions are followed and that they remain under the trust’s administration.
Can I choose someone outside my family to be a trustee?
Yes, you may select a trusted friend, professional advisor, corporate trustee, or another qualified individual. Consider their financial skill, reliability, and commitment to honoring your directives when making this choice.
Looking to Secure Your Future with a Trust?
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About Weston
Weston, Florida, incorporated in 1996, is now a master-planned community guided by careful urban design and a commitment to high-quality living standards with over 68,000 residents. Developed on what was once agricultural land, Weston expanded through strategic growth, now with residential neighborhoods, commercial centers, and recreational areas. Key attractions, such as the Weston Town Center and Markham Park in Sunrise, are both recreational favorites in the area.
