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Revocable Living Trusts

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Title: Revocable Living Trusts


1
Revocable Living Trusts IN FLORIDA
Essential Concepts, Questions And Answers
2
Revocable Living Trusts
3
What is a revocable living trust?
4
A revocable living trust is a special kind of
trust that most people include in their estate
plans
5
These trusts allow your estate TO AVOID PROBATE
6
Probate
7
Why do I want to avoid probate?
8
If your property has to go through probate, a
Florida court will have to supervise the process
through which your heirs receive their
inheritances
9
This process can often take months, or even
years, and can cost a lot of money
10
Trust Operation
11
How does a living trust work?
12
When you create a living trust you effectively
create a legal entity separate from yourself
13
The living trust can own property and survive
your death
14
When you create your living trust you can direct
how it should distribute the property it owns
after youre gone, effectively allowing you to
pass inheritances outside of probate
15
Trust Creation
16
How do I create a revocable living trust?
17
You create a trust by creating a document,
called a trust instrument, that includes
specific information
18
You will also have to ensure that you transfer
your property into the trusts name, a process
known as funding
19
Learn More About Living Trusts In Florida
20
Robert J Kulas, PA Attorneys at Law
www.kulaslaw.com
(772) 398-0720
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