Planning for the end of your life is never a fun task to complete; however, for those with an estate and are expecting to pass property, money, or other inheritance down to loved ones, planning is essential. Whenever possible you should look for probate lawyers near me to help you set up a trust to avoid probate. When your assets get stuck in probate, your inheritors can be stuck waiting months or even years before accessing their inheritance.
Benefits of a Revocable Living Trust
Before your death, placing your assets into a revocable living trust and naming a trustee to administer the trust and distribute the assets, is the only sure way to avoid probate. However, there are a few other great benefits according to the probate lawyers near me.
- Trusts can indicate instructions to the trustee regarding your personal care, medical wishes, and standard of living maintenance if you are unable to manage your assets or are incapacitated.
- If you own property outside of Florida, you can add this property, such as additional homes or commercial real estate to the trust which will avoid out-of-state probate fees. If out of state assets are not included in the trust, your trustee or inheritors will need to hire a lawyer in the state the property is located to handle that state’s probate process.
- If you’re looking for confidentiality, professional and delicate management of your assets, and continuity, a revocable trust can provide these things for you.
Planning ahead is the best thing you can do for your family, especially if you have many assets to pass down to your loved ones. A revocable trust can be handled by any of the attorney’s you can find by searching “probate lawyers near me,” but before hiring one, make sure the person you choose is someone you and your family feel comfortable working with to handle these delicate matters.
Contact the Law Offices of Kimberly K. Muenter, P.A. at 941-229-2529 to see how your assets can be secured into a trust.