Trust Creation in Florida

Estate Planning Lawyers in Lakeland Florida. We Provide experienced Trust Creation & Estate Planning Legal Services in Polk County, Central Florida and the entire State of Florida.

Call 863.250.2990 today to schedule a Free Consultation with our skilled Trust Creation & Estate Planning attorneys.

Building Your Legacy: The Power of Estate Trusts in Florida

Estate planning extends beyond wills and powers of attorney. For many individuals and families in Florida, trusts offer a powerful and versatile tool for managing assets, protecting beneficiaries, and achieving specific financial and legacy goals. The MTM Law Firm, PLLC, is dedicated to helping you navigate the complexities of trust law and create a plan that secures your future and honors your wishes.

Understanding Trusts: A Flexible Tool for Estate Planning

A trust is a legal arrangement where a Grantor (you) transfers assets to a Trustee, who manages them for the benefit of designated Beneficiaries. Florida Statute 736.0101 et seq., the Florida Trust Code, governs the creation and administration of trusts in the state. Trusts offer a wide range of benefits, including:

• Avoiding Probate: Assets held in a properly funded trust typically bypass the probate process, saving time, expense, and potential public scrutiny.
• Managing Assets for Beneficiaries: Trusts can be used to control how and when beneficiaries receive assets, providing for minors, individuals with special needs, or those who may not be financially responsible.
• Protecting Assets from Creditors: In some cases, trusts can offer protection from creditors or lawsuits.
• Minimizing Estate Taxes: Certain types of trusts can help reduce or eliminate federal estate taxes.
• Providing for Charitable Giving: Trusts can be used to make charitable donations, both during your lifetime and after your death.
• Ensuring Privacy: Trusts are generally private documents, unlike wills, which become public record during probate.

Types of Trusts in Florida:

Florida law recognizes various types of trusts, each with its unique characteristics and purposes. Some common types include:

• Revocable Living Trusts: Created during your lifetime, you retain control over the assets and can modify or revoke the trust. This is a popular choice for avoiding probate and managing assets during your lifetime.
• Irrevocable Trusts: These trusts cannot be easily changed or revoked once established. They are often used for tax planning or asset protection purposes.
• Testamentary Trusts: Created within your Last Will and Testament, these trusts come into effect upon your death. They can be used to manage assets for minor children or for other specific purposes.
• Special Needs Trusts: Designed to provide for individuals with disabilities without jeopardizing their eligibility for government benefits.
• Irrevocable Life Insurance Trusts (ILITs): Used to own life insurance policies, potentially removing the proceeds from your taxable estate.
• Qualified Personal Residence Trusts (QPRTs): Used to transfer your home to your beneficiaries while minimizing gift and estate taxes.

The MTM Law Firm, PLLC: Your Guide to Effective Trust Planning

Creating and managing trusts can be complex. The MTM Law Firm, PLLC, provides comprehensive legal guidance to help you navigate the intricacies of Florida trust law and create a plan that aligns with your specific goals. We can assist you with:

• Determining the Right Type of Trust: We will analyze your individual circumstances and recommend the most appropriate type(s) of trust to meet your needs.
• Drafting Trust Documents: We will prepare clear and legally sound trust documents that accurately reflect your wishes.
• Funding the Trust: We will guide you through the process of transferring assets into your trust.
• Trust Administration: We can assist trustees with their duties and responsibilities
• Trust Litigation: If disputes arise, we can represent trustees or beneficiaries in trust-related litigation.

Secure Your Legacy with a Well-Designed Trust:

Trusts offer a powerful and flexible way to manage your assets, protect your beneficiaries, and achieve your estate planning goals. Don't navigate this complex area of law alone. The MTM Law Firm, PLLC, is dedicated to providing knowledgeable and effective legal guidance in creating a trust-based estate plan that secures your future and honors your legacy.

Contact The MTM Law Firm, PLLC today for a consultation to discuss how a well-crafted trust can benefit you and your loved ones.

If you have questions about Trust Creation & Estate Planning issues, don’t wait—make sure your legal rights are protected. Call 863.250.2990 today to schedule your Free Consultation with our Trust Creation attorneys.

If you are wondering where to find a Trust Creation Lawyer near me in Lakeland, FL and throughout the State of Florida, The MTM Law Firm PLLC is the Law Firm to call. We have a combined 50 years experience in Estate Planning and Trust Creation legal matters.