If you’re putting together your estate plan and have a dependent who has special needs, it may be wise to consider how a special needs trust could help. This kind of trust is created for another person’s benefit without negatively affecting their governmental...
Serving Northwest Florida Families For More Than 20 Years
How many trustees can you have on a trust?
Now that you’re looking into setting up an estate, something you may wonder about is how many trustees you can have assigned to a trust. To answer that question, you first have to understand what the trustee’s job is. The trustee’s job is to hold the assets in the...
What should you know about trusts and Medicaid?
As people age, trying to make sure they’ll be able to get the care they need is a top priority. For some, this will mean that they will need to qualify for Medicaid. Unfortunately, having assets that you want to pass down to your family members could mean that you...
How do irrevocable and revocable trusts differ?
Some people choose to leave the assets they have for their loved ones in trusts. This makes it easier to pass them along. It’s a more private option than going through the probate court with a will. Once you start to go through the types of trusts that you might use,...
If you have multiple children, consider trusts for their inheritances
As the parent of three children, it is your goal to make your passing as easy as possible on them. You know that their different ages and experiences could affect them when you pass on, which is why you want to make sure you control the situation and give them...
Trusts important for single parents to set up
Creating estate plans is a wise move for every family, including the single-parent family. Sadly, many single parents in Florida do not engage in estate planning, partly because they do not understand it. Here are a handful of tips for navigating the process of...