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Home >> Do I Really Need a Trust in Florida?

Do I Really Need a Trust in Florida?

September 25, 2013 by Robert Kulas. Leave a Comment

trust in floridaA lot of people first visit an estate planning attorney’s office without really knowing a lot about trusts and other estate planning elements. In Florida, this is very common, and it’s not something you need to worry about.

What you do need to worry about, however, are the common myths and misperceptions about a lot of estate planning tools that are floating around out there. One of these myths holds that a trust in Florida is something that only rich people need to worry about. For example, some popular notions of trusts hold that if you aren’t a wealthy grandparent who wants to leave your grandchild a large and substantial inheritance, there’s no need for you to consider creating one.

This kind of misinformation is not only wrong, it’s potentially damaging. The legal reality is that there are numerous types of trusts available to you as you go through the estate planning process. While some of these might not fit your needs, there are other types that probably do. Regardless of the amount of wealth you currently have or your individual estate planning goals, it’s almost a certainty that one or more types of trusts will fit into your estate plan. Here’s why.

Useful For Many Purposes

In Florida, you can create a trust by including a simple paragraph in your will, or by creating a separate document that will take effect almost immediately. Through your trusts you can protect a young child’s inheritance, ensure that your estate will avoid the necessity of having to go before a Florida probate court, or even minimize how much your estate will have to pay in estate taxes. You can use trusts to benefit a child with special needs. You can use a trust to establish a family foundation. You can use trust to, in short, do more than you could ever hope without them.

Essential

Even the most simple estate plan will likely use one or more types of trusts. The fact is, trusts provide certain benefits that other estate planning tools cannot. For example, creating a simple living trust will give you the ability to avoid much, if not all, of the probate process. Though probate isn’t as difficult as most people believe it to be, it is a needless expense that you can easily avoid by creating the right type of trust.  In effect, choosing not to create a trust is choosing to leave your family with unnecessary headaches after you are gone.

Flexible

Depending on the type of trust you create you can choose to change them or revoke your trusts whenever you like. Trusts can be as flexible or as rigid as you need them to be, and you can create different trusts for different purposes. Contact your attorney to learn more about these essential estate planning tools in Florida.

Filed Under: Trust Administration Tagged With: estate planning in florida, florida trusts, trust in florida, trusts

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We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

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~Joan C
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August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

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~Joan C
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Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

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~Mildred W
~Leo C
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August 25, 2020
    

I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

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~Leo C
~Krissy L
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Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

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~Krissy L
~Janice M
Client Review
August 25, 2020
    

Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family.

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~Janice M
Janice M
Client Review
August 25, 2020
    

"Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family."

default image
Janice M
Krissy L.
Client Review
August 25, 2020
    

Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

default image
Krissy L.
Leo C.
Client Review
August 25, 2020
    

I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

default image
Leo C.
Mildred W.
Client Review
August 25, 2020
    

Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

default image
Mildred W.
Joan C.
Client Review
August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

default image
Joan C.
L.G.K.
Client Review
August 25, 2020
    

We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

default image
L.G.K.
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