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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
★★★★★
After years of trying to protect my assets from creditors, I was shocked to find out that my assets were unprotected in ways I had never considered. Not only had I placed my assets at risk from my mother's creditors, but I had placed my assets at risk from other family members who were intent on manipulation. When my mother died, I discovered that a family member had changed my mother's estate planning documents. Mr. Goldman and his team were able to explain what went wrong and successfully defended my position in court. During the case, I learned that I could have had much better protection from family and creditors, thus avoiding years of litigation and undue familial stress. When it comes to protecting your assets and your family, I would highly recommend hiring Mr. Goldman and his team. Bill H.
★★★★★
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. In addition, Mr. Goldman can help real estate investors structure trusts to protect their assets from creditors. Michael Starling
★★★★★
This office is fantastic. I was faced with a horrible situation and this office helped to put an end to the untenable situation. Ms. Kendal Schoepfer was always available before, during, and after office hours to answer any questions that I had. I highly recommend this law office to all. Tisha Brown
★★★★★
Kendal was an amazing answer to a difficult time. Highly recommend her!!! Dana Ramsey