Take Charge Of Your Family’s Future Via A Trust
Estate planning is often thought of as a way to plan for your family’s financial security after your death. However, many estate planning strategies can take effect, and provide benefits, during your lifetime. At Fischler & Friedman, P.A., our Florida estate planning attorneys can help to devise a sound plan that makes sense for you and your family.
While a will is one way to specify what happens to your estate after your death, a trust is an estate planning instrument that can be created during your lifetime and continues to exist after you are gone. You are able to set the terms of the trust and name a trustee of your choosing — someone who will act in the best interests of you and your family.
What Are The Benefits Of A Trust?
Depending on your goals, you can choose to set up a trust that makes the most sense for you. Trusts are often used to avoid probate when a person dies — the assets belong to the trust, rather than the individual. Trusts can also serve to provide income or benefits to a minor, a charity or a person with special needs.
In essence, there are two types of trusts: revocable and irrevocable. As the name implies, a revocable trust can be changed or even revoked, while an irrevocable trust cannot.
Contact the legal team at Fischler & Friedman, P.A., to help you determine the type of trust that makes the most sense for your financial situation. Call our attorneys in Fort Lauderdale at 954-763-5778. In Southwest Florida, call for our Fort Myers office. You can also complete and submit our online contact form on this website.