In a trust, there is a division of ownership between the equitable title (who receives the benefit of the items) in the beneficiary and legal title (who owns or manages the item for the beneficiary) in the trustee. When both the legal and equitable title are vested in the same person, then there is no trust.

If you would like more information how to separate the tile of an item by use of a trust, CONTACT our Florida Trust Lawyers by email or call us at 904-685-1200 to discuss your situation today.