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Benefits of a Florida Land Trust

Homestead Protection: Florida land trusts qualify for the homestead exemption.

Privacy: The interests of all beneficiaries are private unless disclosed by order of the court.

Asset Protection: Judgments against land trust do not affect the beneficiaries by statute, This statute does not protect the property from judgments against the beneficiary. That is where a Florida Asset Protection Trust acting as the beneficiary can help.

Certainty: Interest in a land trust cannot be partitioned (i.e. divided and sold pursuant to a court order). This is a great way to leave property to multiple people without the risk of one forcing a sale;

Favorable Tax Treatment: The beneficial interest in a land trust is personal property. As such, the beneficial owners of a land trust including foreign nationals can take advantage of long-term capital gains (presently 15% - 20%).

Continuity: The death of a beneficiary does not terminate the trust. The trust can deal with contingencies and not require court supervisions and the costs of probate in multiple states.

Ease of Management With Multiple Owners: The trust agreement can establish a plan to deal with buy-out provisions, and can anticipate and resolve potential disputes between beneficiaries.

Avoidance of Probate: Property held in a land trust is not subject to costly and time-consuming probate and can protect one beneficiary from forcing the sale of the property. This is a great solution for a family vacation home.

Client Reviews
★★★★★
"As a real estate agent, I have been involved with many property transactions where I needed a probate attorney to help facilitate the transaction. I have used the services of Mr. Goldman and his staff over the last several years and continue to use them on a regular basis. His office has been able to navigate the court system and help estates sell their property quickly and efficiently..." Michael Starling
★★★★★
"I've had Mr. Goldman do my entire estate planning as well as my gun trust. I highly recommend him and his firm. If you're planning a gun trust, trust no one else Mr. Goldman is one of if not the best versed on this topic." Howard
★★★★★
“Attorney Robert Wilbert of David M Goldman, PLLC, will be the first and only attorney I would ever recommend to a consumer in my position. Mr. Wilbert was professional, answered my numerous questions without hesitation, provided straightforward answers and options. He explained the process thoroughly. He was available to assist before and after the process to make sure all issues had been resolved…” Kameron Knowlton
★★★★★
“Great service is an understatement. We bought several properties that Mr. Goldman handled for his clients. The communication and explanation of everything was terrific. I would definitely recommend him for all of your real estate needs.” Kassandra
★★★★★
“After struggling with 2 probate cases prior to hiring attorney Goldman I was extremely apprehensive during the hiring phase. Not only did Attorney Goldman assure me they could take care of this his office was wonderful. Jennifer was assigned to my case and she was wonderful and were able to guide another probate case I had saving me additional time and frustration. Highly recommend this office.” Debbie