For many Apopka families, a revocable living trust is the foundation of an estate plan. A trust can help your loved ones avoid probate for the assets it holds, keep your affairs private, and provide for management of your property if you become unable to manage it yourself.
How a revocable living trust works
You create the trust, transfer ownership of your assets to it, and name yourself as trustee so you keep full control during your lifetime. You also name a successor trustee to step in if you become incapacitated or after your death, and you describe who receives what and when.
Why families choose a trust
- Assets held in the trust generally pass to beneficiaries without court-supervised probate
- A successor trustee can manage your affairs if you become incapacitated, without a court appointment
- Privacy: a trust, unlike a probate file, is not a public court record
- Flexibility to provide for children, grandchildren or a surviving spouse over time
Funding your trust
A trust only controls the assets that have been transferred into it. We guide you through retitling property and updating accounts, and we prepare a pour-over will to catch anything left out.
Other trusts for specific goals
Depending on your situation, other trusts may play a role, including irrevocable trusts used in long-term care and Medicaid planning. We explain the options and recommend what fits your family.
Our Apopka office
60 E 5th St, Apopka, FL 32703
Phone: (407) 278-7177