Most people seek to create estate planning documents that will avoid probate and lessen the opportunity for dispute after they pass away. A living trust allows an individual to live the same life he or she is used to, with the only change coming in the form of newly titled accounts tied to the trust. Contact our firm for a more detailed explanation about how a living trust is in your best interest.
The Boca Raton attorneys at the law offices of Craig Donoff P.A. firmly believe that everyone should explore the idea of drafting a living trust. These documents do not solely exist for the benefit of the rich — everyone can take advantage of their protections and their benefits. Avoiding the probate process, a process that can eat up as much as six percent of your estate in costs, is the main focus of creating a living trust. This family plan that can avoid probate can be changed very easily and will result in a comprehensive easy-to-read document that is only 10 pages in length. When combined with a last will and testament, a living trust becomes a powerful document that gives the individual power over his or her estate.
Aventura Revocable Living Trust Attorney
There are several benefits to having a living trust, including:
- Avoids probate and related costs — both financial and emotional
- Completely flexible — can be changed or canceled at any time
- Preserves privacy — completely confidential
- Allows quick distribution of assets to beneficiaries
- Very hard to contest
- Minimizes emotional stress on your family
- Inexpensive, easy to set up and maintain
- Protects minor children from court-imposed guardianships
- Can protect dependents with special needs
- Saves estate taxes
Whether you have questions about a revocable living trust, irrevocable life insurance trust, special needs trust or a spendthrift trust, contact our firm. We offer a free 45-minute consultation and all of your questions will be answered.
To learn more about how proper estate planning can help you and your surviving loved ones avoid probate and potential will disputes, contact a lawyer at the Florida office of Craig Donoff P.A. We can be reached by calling 800-416-4543 or by completing our online contact form.