Why is a Revocable Trust Important?
You have probably heard of wealthy people getting allowances from trust funds set up by their parents or grandparents, and if that is the only context in which you have heard of them, you might easily get the impression that you will never be able to afford one. In fact, you do not have to be rich to set up a trust.
What are Common Uses for Trusts?
You might associate trusts with trust fund babies, but many beneficiaries of trusts had already reached retirement age by the time the trust was established. Some people even establish trusts and list themselves as beneficiaries.
Have You Properly Funded Your Revocable Trust in Florida?
Establishing a revocable trust, also known as a living trust, is one of the simplest and most reliable ways to pass assets to your heirs after your death without the assets having to go through probate. A revocable trust can be ideal to avoid a guardianship to manage assets for a minor child, or to provide...