Ryan M. Mynard, Attorney at Law, P.A.

December 2017 Archives

HOW TO REVOKE A FAMILY TRUST

Creating a Florida family trust is a great way to provide for your family members after your passing, and helps avoid the delays, costs, and potential drama of probate court, while also allowing the grantor of a trust to ensure that property goes toward specific purposes, such as education or health costs. But there are times in which it makes sense for the trust to be revoked (also referred to as "dissolved"). If the trust is a revocable trust, this is usually a simple process, and there may also be feasible ways to revoke an irrevocable trust. That said, you may be able to achieve your intended purpose by taking other actions short of revoking the trust.

WHAT DOES INTESTATE MEAN?

A common word you might hear around discussion of wills and passings is "intestate." The word can be used as an adjective to describe a situation where a person dies without a valid will in place ("She died intestate") or it might be used to describe the deceased person specifically.

FIVE TIMES YOU SHOULD UPDATE YOUR WILL

If you have a will in place, then you have already taken one of the most important steps to begin your estate planning. But a will that you create when you are younger may not cover all the issues that could arise in later years as the people and property in your life change. Updating your will is a relatively easy process, and is one of the best actions you can take to make sure that your loved ones are benefitted after your passing, without unnecessary delay and legal bills eating away at your estate. Here are five times you should strongly consider updating a will in your life, according to a Florida wills attorney.

Schedule A Consultation

With offices in Crestview, we advise and represent clients throughout Northwest Florida. To speak with a dedicated and compassionate estate planning and probate lawyer, please call 850-683-3940 or contact us via email. We would be honored to speak with you about your concerns.

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Ryan M. Mynard, Attorney at Law, P.A.

Ryan M. Mynard, Attorney at Law, P.A.
420 East Pine Avenue
Crestview, FL 32539

Phone: 850-683-3940
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