Including a revocable living trust in your estate plan may provide you and your beneficiaries with a few advantages. If properly funded, a revocable living trust can provide you with an avenue by which you can distribute your assets to designated beneficiaries without the need for probate. A revocable living trust may also allow you and your beneficiaries to maintain privacy, as probate is a court supervised process and therefore many aspects of probate are public record.
Keep in mind that setting up a revocable living trust can be a complex process. Consult with an experienced estate planning attorney in Florida to help you create a trust that meets your specific needs and goals.
-Emily A. Helmick, Esq.