Everyone in their estate plan seem to be using a Florida Revocable Trust.
That’s right. From multi-million dollar estates in Boca Raton to more modest Florida citizens in Stuart, Florida, Estate Planning Attorneys Palm Beach are writing revocable trusts for their clients. And clients are using revocable living trusts to hold their cash, real estate, investments and other valuable assets.
If you want to see a free, short video on Florida trusts and duties and responsibilities of a Florida trustee, then click here or cut and paste: http://www.youtube.com/watch?v=kOyVbilE5cc&feature=youtu.be
Why Are Florida Revocable Trusts So Popular?
- Probate lawyers from Boynton Beach to Ft. Lauderdale can now prepare or write revocable trusts with drafting software pretty quickly
- Need a Florida trust in a day? It’s no longer that difficult
- And no longer that expensive
- Revocable Living Trusts are not only for the uber-rich, but for more modest estates
- Living trusts can centralize management for your property and administer it if you are incapacited and then the trustee can leave or give an inheritance to your chosen beneficiaries when you are gone
Trustee Duties
- A Palm Beach trustee has duties under the Florida Trust Code
- Obligations and responsibilities to trust beneficiaries, whether the beneficiaries are family or non family, heirs or friends, minors or adults, misfits or mistresses, whether you live in Lake Worth, Florida or out of state
- Is it worth the time to learn what a trustee’s responsibilities are to you, as a beneficiary?
- Hey, Florida trustees: should you know what duties you owe to your beneficiaries? Think you can run the trust in secret? Think again!