Revocable Living Trusts

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Revocable Living Trusts IN FLORIDA
Essential Concepts, Questions And Answers
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Revocable Living Trusts
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What is a revocable living trust?
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A revocable living trust is a special kind of
trust that most people include in their estate
plans
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These trusts allow your estate TO AVOID PROBATE
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Probate
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Why do I want to avoid probate?
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If your property has to go through probate, a
Florida court will have to supervise the process
through which your heirs receive their
inheritances
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This process can often take months, or even
years, and can cost a lot of money
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Trust Operation
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How does a living trust work?
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When you create a living trust you effectively
create a legal entity separate from yourself
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The living trust can own property and survive
your death
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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
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Trust Creation
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How do I create a revocable living trust?
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You create a trust by creating a document,
called a trust instrument, that includes
specific information
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You will also have to ensure that you transfer
your property into the trusts name, a process
known as funding
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Learn More About Living Trusts In Florida
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Robert J Kulas, PA Attorneys at Law
www.kulaslaw.com
[phone]