by Romy Jurado | Jan 17, 2022 | Estate Planning
While most people tend to associate trusts with wealthy individuals, it is not necessarily a requirement. In fact, trusts are valuable estate planning tools for anyone – regardless of income and financial status. These useful legal tools can be divided into two...
by Romy Jurado | Jan 14, 2022 | Estate Planning
Estate planning is an essential aspect of anyone’s life. In this sense, establishing a trust may be the ideal solution to several issues, including avoiding probate, safeguarding beneficiaries, and protecting assets from creditors. Before establishing a trust,...
by Romy Jurado | Jan 13, 2022 | Estate Planning
Similar to a will, a trust is a legal arrangement established by a document (trust agreement) with instructions detailing what happens to the trust maker’s asset upon death or disability. However, a trust offers many exclusive benefits, such as avoiding probate...
by Romy Jurado | Jan 12, 2022 | Estate Planning
Setting up a trust is an effective measure to safeguard your loved ones upon death. As the assets held in a trust do not need to go through probate, it may save precious time and financial resources. However, there are different types of trusts, each one to serve a...
by Romy Jurado | Jan 11, 2022 | Estate Planning
In Florida, trusts are popular estate planning tools. The trust and the trust maker (designated as the “grantor” or “settlor”) are separate legal entities, as the first will hold assets on the latter’s behalf. However, if the legal entity...
by Romy Jurado | Jan 10, 2022 | Business, Estate Planning
Indeed, setting up a living trust in Florida may be a useful tool to avoid probate and protect the interest of loved ones upon death. However, nothing in life is perfect – neither are living trusts. Living trusts have certain disadvantages associated with them,...
