Share

Wills & Trusts

Sunday, June 5, 2022

Considerations When Choosing a Trustee


You may have heard of the many potential benefits of including a trust in your estate plan. Are you worried about probate? A trust can be a great way to avoid it! Are you worried about your beneficiary’s ability to manage an inheritance? A trust can pace and condition distributions to protect the inheritance from being quickly spent away.

If you have decided to establish a trust, one of the big decisions you will need to make is who to appoint as trustee.
Read more . . .


Wednesday, April 20, 2022

Exploring the Upsides and Downsides of a Living Trust


If you have never heard of a living trust, now is a great time to learn. A useful estate planning tool, a living trust is, aside from a Last Will and Testament, one of the most commonly used mechanisms for transferring assets to your family and loved ones upon your passing away. For a full picture of a living trust, we are going to take a look at the upsides and downsides of a living trust.
Read more . . .


Tuesday, January 4, 2022

Can I Avoid Probate by Using a Revocable Trust?


A revocable trust is named so because it can be easily altered, amended, or, of course, revoked. This flexibility is one of the many appealing features of a revocable trust and its benefits make it an attractive addition to many estate plans. To establish a revocable trust, the trust settlor, or grantor, creates the trust and funds it. The trust is then managed by the trustee for the benefit of the trust beneficiaries and in accordance with the terms set forth in the governing trust document. One of the key benefits of a revocable trust is that it will avoid probate.


Read more . . .


Tuesday, January 4, 2022

Can You Fund a Trust With Out of State Property?


To establish a trust, the trust “settlor” transfers property into the trust to be managed by the “trustee” appointed by the settlor. The trustee is charged with holding trust property for the trust beneficiaries as well as administering the trust according to the terms set forth by the settlor. A person may choose to create a trust for a number of reasons. For instance, if someone has minor children, the children would not be able to directly inherit from their estate. By creating a trust, the children’s inheritance is protected until they reach the age of majority and can receive the inheritance directly.
Read more . . .


Sunday, November 28, 2021

Things to Know Before Executing a Will


If you do not yet have a will in place, there is no time like the present to execute a legally sound, strong will that will help preserve your legacy and protect a brighter future for your loved ones. While putting a will in place is too important to put off, there are also some things you should know about and consider prior to executing a will in order to help ensure it accurately reflects your goals and wishes.

Things to Know Before Executing a Will

While not the only thing a will can accomplish, one of its main features is often how a person’s property is to be distributed upon death.


Read more . . .


Wednesday, September 8, 2021

What Is a SLAT?


Estate planning is about so much more than a will, although that can be an important part of an estate plan. Trusts, for instance, may be much of a mystery to most, but remain valuable legal tools when properly implemented in the right estate plan. Trust types and purposes, however, can widely vary and it can be overwhelming trying to figure out what the right fit for your individual circumstances may be.


Read more . . .


Monday, May 24, 2021

Three Reasons to Consider a Spendthrift Trust


To establish a trust, a trustor, or settlor, transfers ownership of certain funds and assets to a trust. The funds held in trust, the trust principle, are then managed for the benefit of the trust beneficiaries. This is a trust in its most basic sense. There are, however, a variety of different trust types that are defined by things such as the type of beneficiary, the terms of the trust, the direction for trust distributions, and the ability of a beneficiary to access assets held in the trust. Because of the structure and variety of different trust types, trusts can be useful in an Read more . . .


Friday, February 26, 2021

What Happens If I Die Without a Will?


A will is often a central feature of a strong estate plan. While many people may think of a will as something where you set forth who you want to leave your assets and other property to when you pass away, it can be so much more. When you die without having a valid will in place, your heirs and estate can miss out on many valuable opportunities that you may have wanted for them.
Read more . . .


Friday, January 29, 2021

Are There Different Types of Trusts?


A trust can play a prominent role in estate planning, but many people do not know much about trusts. A trust is set up by the grantor, also referred to as the “settlor” or “creator,” of the trust. It is then funded by transferring property into the trust.
Read more . . .


Tuesday, December 29, 2020

How Are Irrevocable Trusts Taxed?


An irrevocable trust can come with many benefits. Its primary characteristic is the fact that the creator of the trust cannot amend the terms of the trust nor can the creator spend trust funds for anyone other than trust beneficiaries unless the terms of the trust permit it. In certain instances, the trust terms allow the trustee a limited ability to amend certain trust beneficiaries.
Read more . . .


Tuesday, December 22, 2020

How Are Revocable Trusts Taxed?


A trust can be a valuable estate planning tool for a number of reasons.
Read more . . .


Archived Posts

2022
2021
2020
2019
2018
2017
2016
2015

← Newer12 Older →



© 2022 Verras Law, P.A. | Disclaimer
31640 U.S. Hwy. 19 N, Suite 4, Palm Harbor, FL 34684
| Phone: 727-493-2900
14653 Canopy Drive, Tampa, Tampa, FL 33626
| Phone: 813-228-6800
360 Central Avenue, Suite 450 - Compass Land & Title, St. Petersburg, FL 33701
| Phone: 727-892-6050

Estate Planning | Probate / Estate Administration | Elder Law | Business Law | Permanent Residency | Trusts & Estate Planning | Advanced Estate Planning Techniques | Estate Planning with Wills | Asset Protection | Estate Planning for LGBTQ+ and Non-Traditional Families | Business Succession Planning | Planning for Children | Family Limited Partnerships | Medicaid Planning | Guardianships | Veterans Benefits | Purchase/Sale of a Business | Attorneys

Law Firm Website Design by
Amicus Creative