Setting up a revocable trust is often seen as a way to “make things easy” after someone passes. But for the person named as successor trustee, there is much to do. Many people are surprised by how hands-on the process...
Many retirees and snowbirds move to Florida dreaming of warm weather and tax savings. But few realize that Florida’s unique estate planning laws can clash with documents created in another state. Whether you are moving from Georgia, New York, or...
Creating a revocable living trust is an important first step in estate planning. However, that alone is not enough. To make the trust effective, assets must be properly transferred into it. This process, known as “funding” the trust, is what...
Passing a family home to the next generation sounds simple, but in Florida, homestead laws add an extra layer of rules that many families overlook. In addition to protecting your residence from creditors and providing valuable tax breaks, these laws...
Divorce can complicate even the best estate plan, especially when a revocable living trust is involved. In Florida, these trusts are often used to manage assets, avoid probate, and plan for the future. But when a marriage ends, the trust...
In Florida, your home can also be a powerful estate planning tool. Thanks to Florida’s homestead exemption, many residents can shield their primary residence from creditors and limit how much of their estate is taxed. However, to get these benefits,...
Digital privacy doesn’t stop being important after death, especially for people who value control over personal content like journals, emails, or cloud storage. While heirs often gain access to digital assets through wills or trusts, not every asset is meant...
Digital assets are showing up in more Florida estate plans, and they’re not just Bitcoin. Non-fungible tokens (NFTs), virtual land, in-game items, and other collectibles stored on blockchain platforms now hold real value. These assets can be traded, taxed, and...
Trusts often offer long-term stability, although, sometimes, they can have outdated provisions that no longer make sense. For instance, a trust created under old tax laws or one whose beneficiary’s needs may have changed might need to be modified to...
People often turn to asset protection trusts to keep their wealth safe from lawsuits and creditors. A Domestic Asset Protection Trust (DAPT) allows someone to shield their own assets while still benefiting from them. However, Florida doesn’t allow these trusts....
