A Florida trust has more estate planning benefits compared to a will. The most well-known benefits are avoidance of guardianship and avoidance of probate. With a living trust, you convey title and ownership of your…
Many of our estate planning clients own S-Corps. A living trust may have adverse income tax consequences for owners of a small business taxed as a Subchapter S corporation (S-Corp) unless the trust agreement is…
A living trust does not completely avoid estate taxes, but it can help reduce them. Assets in a living trust are still considered part of your estate for tax purposes. Certain types of trusts can…
What Is a Joint Living Trust? A joint living trust is a trust agreement that incorporates the testamentary wishes of both spouses in a single document. The joint living trust agreement provides terms and conditions for…
The short answer is no—a living trust does not protect your assets from a lawsuit. Since you maintain control over the assets in a revocable living trust, they remain vulnerable to creditors, legal judgments, or…