Everyone has a Florida Revocable Trust ! Billions and Billions of dollars are put into them. And family members, in-laws, outlaws, heirs and mis-fits all inherit from revocable trusts every day. So, what really is this estate planning tool or vehicle? For an authoritative, easy-to-understand, Plain English and FREE “one stop shop” on revocable trusts, CLICK HERE. To read more about Family Trusts, consider reading John Pankauski’s book, Pankauski’s Trustee’s Guide: 10 Steps to Family Trustee Excellence. Want more, including a recent revocable trust opinion and statutes? Keep reading. Understanding What Is a Florida Revocable Trust ? A revocable trust is often an important part of one’s Florida Estate Plan. Like a Last Will, it can leave money and property to select beneficiaries. It has been described as an instrument, an estate planning vehicle, a document. A revocable trust is all of that and more. Most wills today are POUR OVER WILLS which leave everything to a rev trust. The rev trust then distributes inheritances out. The creator of a trust is called the “grantor” or “settlor.” Typically, you are your own trustee when you create such a trust. When you are longer a trustee, you can appoint a successor in your trust document. Read About this 2020 Palm Beach Trust Case On August 5, 2020, the Palm Beach Appeals Court issued an important opinion. This appeals court is known as the 4th District Court of Appeal. They issued their opinion on Florida Revocable Trust in the case of Schlossberg […]