Florida Living Trusts are created by individuals for their own benefit and can help protect individuals and their assets in the event of incapacity or death. They avoid the probate process by creating beneficiaries in the case of death. In the event of incapacity they appoint someone to manage their assets so that often court intervention and guardianship proceedings are unnecessary.
A living trust holds property and describes what will happen to the property in the event of your death or disability. You can appoint a trustee to manage the property for your benefit in the event you are unable to do so. When the creator of the trust is alive, he/she remains in control and has the power to change the trust at any time. Setting up a living trust saves expenses and delays of probate.
If you would like more information on Florida Living Trusts or to create a Living Trust in Jacksonville or other areas of Florida, CONTACT our Florida Living Trust Lawyers by email or call us at 904-685-1200 to discuss your situation today.