florida trusts living trusts living wills advice law advice insurance advice community law advice case evaluation ask lawyer amp legal topics legal topics accident law bankruptcy law business law criminal law employment labor law estate planning family law financial law general practice government law immigration law insurance law intellectual property litigation malpractice law personal injury real estate law tax law small claims admiralty maritime aviation law estate planning topics estate planning topics estate planning basicswillstrustsprobateasset protectionliving wills power attorneyelder law advice law advice estate planning trusts current florida trusts living trusts living wills beneficial trust living trust living part estate planning package florida answer depends situation experienced estate planning attorney able determine suits needs attorney sarah peart interview sarah peart attorney tampa florida practice focuses mainly areas wills trusts estate planning real estate law explained trusts living trusts living wills beneficial floridians florida trusts trusts expensive wills different type vehicle protect assets assist tax planning trust takes assets trust probate put trust probate asset saves time expense going court system major reason trust tax planning purposes attorney able advise trust beneficial needs trust speak attorney give facts situation attorney proper solution florida living trusts living trust known inter vivos trust florida commonly basically settlor trust known grantor states retains interest trust life trust assets devised terms trust happens settlor settlor retains interests trust assets life living trust florida living living document express wishes concerning life prolonging measures healthcare surrogate appointed separate document health care medical decisions you expressed living advanced care directive clients skip living just appoint healthcare surrogate putting decision making power hands obviously going want sure trust person percent discussed wishes know happen estate planning specific area law encompasses wills trusts health care directives probate contact experienced florida estate planning attorney discuss situation view related florida trusts articles view attorney interview estate planning legal topics estate planning attorney ask lawyer looking social read articlescreating changing revoking florida special needs trustflorida estate planning special needs trusts defined florida estate planning funding administering special needs trustflorida estate planning special needs trust faqsflorida special needs trusts attorney helpwhat goes florida special needs trust florida trusts living trusts living wills select practice area adoption support amp child custody arbitration aviation maritime amp boat accident banking bankruptcy business car accident civil rights amp ada collection construction contract copyright ip amp trademark criminal dui dwi divorce education law elder law employment environmental estate planning franchise general practice government healthcare nursing abuse immigration insurance international juvenile landlord tenant legal malpractice lemon law libel amp slander litigation medical malpractice military patent pensions amp benefit personal injury product liability railroad accident real estate securities sexual harassment small claims social security disability sports amp entertainment tax technology amp internet wills amp probate worker compensation wrongful death topics select state alabama alaska arizona arkansas california colorado connecticut delaware district columbia florida georgia hawaii idaho illinois indiana iowa kansas kentucky louisiana maine maryland massachusetts michigan minnesota mississippi missouri montana nebraska nevada hampshire jersey mexico york north carolina north dakota ohio oklahoma oregon pennsylvania puerto rico rhode island south carolina south dakota tennessee texas virgin islands utah vermont virginia washington west virginia wisconsin wyoming trusts trust basicscommon trust categoriessetting trusttrusts estate planning toolstrusts reducing tax liabilitytrusts beneficiary fundsspecial needs trustsasset protection trustscharitable trustsother types
Florida Trusts Living Trusts Living Wills Free Advice Law Advice Insurance Advice Community Law Advice Free Case Evaluation Ask a Lawyer Q amp A Legal Topics All Legal Topics Accident Law Bankruptcy Law Business Law Criminal Law Employment Labor Law Estate Planning Family Law Financial Law General Practice Government Law Immigration Law Insurance Law Intellectual Property Litigation Malpractice Law Personal Injury Real Estate Law Tax Law Small Claims Admiralty Maritime Aviation Law Estate Planning Topics All Estate Planning Topics Estate Planning BasicsWillsTrustsProbateAsset ProtectionLiving Wills Power of AttorneyElder Law Free Advice Law Advice Estate Planning Trusts Current Page Florida Trusts Living Trusts Living Wills Is it beneficial to have a trust a living trust or a living will as part of an estate planning package in Florida The answer is it depends upon your situation An experienced estate planning attorney will be able to determine what suits your needs Attorney Sarah E Peart In a recent interview Sarah E Peart an attorney from Tampa Florida whose practice focuses mainly in the areas of wills trusts estate planning and real estate law explained when trusts living trusts and living wills might be beneficial to Floridians Florida Trusts Trusts are more expensive than wills but they're a different type of vehicle that is often used to protect assets and assist with tax planning The trust takes all the assets in the trust out of probate Anything that you've put into the trust is not a probate asset so that saves the time and expense of going through the court system Another major reason to use a trust is for tax planning purposes and an attorney will be able to advise you if a trust is beneficial to you While not everyone needs a trust you should speak with an attorney and give them all the facts of your situation so that the attorney can find the proper solution for you Florida Living trusts A living trust is known as an inter vivos trust in Florida and they're commonly used here Basically the settlor of the trust who is also known as a grantor in many other states retains an interest in the trust throughout his or her life Then the trust assets are devised according to the terms of the trust when something happens to the settlor However the settlor retains the interests to the trust assets throughout his life with a living trust Florida Living will A living will is a document where you express your wishes concerning life prolonging measures A healthcare surrogate can also be appointed in a separate document to make any health care or medical decisions for you that you haven't already expressed in your living will or advanced care directive Many of my clients will skip the living will and just appoint a healthcare surrogate putting all the decision making power in the surrogate's hands Now obviously if you're going to do that you want to make sure you trust the person percent and that you've already discussed your wishes with them so that they know what to do if something should happen to you Estate planning is a very specific area of law that encompasses wills trusts health care directives probate and more Click here to contact an experienced Florida estate planning attorney to discuss your situation View Related Florida Trusts Articles View the Next Attorney Interview Estate Planning Homepage All Legal Topics Find a Estate Planning Attorney Ask a Lawyer Didn't find what you were looking for Make it Social Must Read ArticlesCreating Changing Revoking A Florida Special Needs TrustFlorida Estate Planning Special Needs Trusts Defined Florida Estate Planning Funding Administering A Special Needs TrustFlorida Estate Planning Special Needs Trust FAQsFlorida Special Needs Trusts How An Attorney Can HelpWhat Goes Into A Florida Special Needs Trust Florida Trusts Living Trusts Living Wills Select Practice Area Adoption Support amp Child Custody Arbitration Aviation Maritime amp Boat Accident Banking Bankruptcy Business Car 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