Category Archives: Trust Planning
Important Things To Know When Administering A Trust
When someone you love passes away and they leave a trust behind, the trust administration process will begin. Trust administration is the process of managing and distributing the property placed into the trust. If you have been named as the successor trustee who will take on these tasks, our St. Petersburg trust administration attorneys… Read More »
Your Estate Plan Can Protect Your Pets, Too
Most people can agree that pets are not just animals. They are members of the family. If you own a pet, you may have wondered about what would happen to them if you were not able to provide their care. You may have even asked a family member or close friend to take the… Read More »
Protecting Your Kids Beyond Naming A Guardian
As a parent, you likely understand the importance of naming a guardian for your children. If you and their other parent both pass away or become incapacitated, another person will have to step in and raise your children. If you do not name a guardian for your children, the court will have to intervene… Read More »
Four Benefits Of Drafting A Trust
Many people who are considering drafting their estate plan know that it typically begins with drafting a will. Some people believe that a will is all they need. However, your estate plan may need more than just a will. There are other documents you may want to draft as well, including a trust. Including… Read More »
Choosing The Right Trustee For Your Trust
Creating an estate plan is one of the most loving and responsible things you can do for your family. You may have chosen to establish a trust and transfer property into it. This is one of the most effective and efficient ways to retain control of your assets throughout your lifetime and ensure a… Read More »
Pros And Cons Of Revocable Trusts
When planning your estate, a revocable trust will likely be among the options you consider. Revocable trusts are very popular and while they do have many advantages, they also have some drawbacks. Below, our St. Petersburg trust planning lawyer outlines the benefits and drawbacks of these estate planning tools. What are the Advantages of… Read More »
How To Select A Trustee
When creating a trust, you will have to make many decisions. One of the most important decisions is selecting who will serve as the trustee of the trust. A trust is a document containing legally binding instructions, and the trustee is responsible for carrying out those instructions. Your trustee must consistently follow your intents… Read More »
How To Fund A Revocable Trust
One of the main reasons people create revocable trusts is to help their loved ones avoid the probate process when they pass away. Probate is a time-consuming and expensive process and many people want to protect their loved ones from it. Revocable trusts are one of the best ways to do this, but if… Read More »
Avoid These Mistakes When Writing A Living Trust
A living trust is a legal document established by the grantor during their lifetime to protect their assets and direct the distribution of their assets upon their death. The beneficiary of a trust is the person for whom the trust is created and who generally may receive the property from the trust after the… Read More »
Should You Draft A Will Or Trust?
There are many tools available that will help you properly plan for your estate. Among these, wills and trusts are some of the most popular but they are largely misunderstood. Many people think drafting a will only causes hardship for their loved ones, as any assets contained within one must go through the probate… Read More »