Yes A Spendthrift Provisions Can Protect Against Civil Judgments What is a Spendthrift Provision? One of the best forms of asset protection we can provide is through a trust that contains a spend...
https://www.floridaestateplanninglawyerblog.com/spendthrift-provision-can-protect-civil-judgments/
Every trustee of a Florida Trust may have a fundamental duty to keep the trust’s beneficiaries informed of the administration of the trust. Florida Statute Section 763.0813 provides that a tr...
https://www.floridaestateplanninglawyerblog.com/keeping-beneficiaries-informed-florida/
For a trust to be legally valid, it must have six elements. One of these required elements is that the settlor of the trust, or the person that creates the trust, must intend to create the trus...
https://www.floridaestateplanninglawyerblog.com/manifestations-intent-settlor/
Can a grantor be a trustee? The Irrevocable trust is one of the most valuable tools for estate planning and Florida asset protection that is available. These trusts are not only a great way to pa...
Incentive trusts are important to consider with estate planning. One of the best tools in estate planning for encouraging positive behavior is through an “incentive trust.” An Incentive tru...
https://www.floridaestateplanninglawyerblog.com/incentive-trusts/
A trust can be amended it a number of ways depending on whether the trust is revocable or irrevocable. Usually, an irrevocable trust cannot be modified unless there is a judicial modification or ...
https://www.floridaestateplanninglawyerblog.com/what-is-a-trust-protection-and-why-would-i-want-one/
Naming a trust as a beneficiary of life insurance policy can have a huge benefit for people with large estates that are not taxable. It is also a great way to protect the insurance proceeds from ...
Most people assume when they receive an inheritance, either through a will or a trust, that they must accept it. This is actually not the case as a beneficiary is also allowed to disclaim, or not...
The duties of a trustee vary depending on the laws of the state in which the trust is situated and the extent of the trustee’s powers provided for in the trust agreement. In some cases where th...
https://www.floridaestateplanninglawyerblog.com/general-duties-of-a-trustee/
In Florida, a trust is not valid until funded. Many trusts need to be funded prior to your death to be used in the way intended. Often, individuals create trusts and forget to fund them durin...
https://www.floridaestateplanninglawyerblog.com/funding-your-revocable-or-irrevocable-trust/