Living Trusts Lawyer Bloomingdale, FL

Secure Your Future With Help From Our Bloomingdale, FL Living Trusts Lawyer

Living trusts are a crucial part of a robust estate plan and can help you avoid probate. If you have assets, including real estate, that you want to go to a specific person, creating a living trust can help make sure that happens. Living trusts have other benefits, too, including providing a steady stream of income for yourself well into retirement and covering end-of-life needs. Many believe, mistakenly, that trusts are only for wealthy people, and so forget to ask about them when talking to their estate planning attorney. We don’t let you forget. Our Bloomingdale, FL living trusts lawyer can help you understand how a living trust can benefit you today and your loved ones after you pass away.

The attorneys at Morton Law Firm have extensive knowledge of Florida estate planning laws and keep abreast of changes to the Florida Probate Code that could impact your trust and its purpose. We can help you restructure an existing living trust, as well, if your life circumstances change. Contact us today for a consultation.

Insight About Living Trusts From Our Estate Planning Attorneys

A living trust is a legal estate planning document that permits you to benefit financially from certain assets while you’re alive but have limited control over them. You can designate how your assets will be distributed after you pass away, avoiding probate so your heirs can immediately benefit from the trust. Your living trust names a trustee who manages the trust and beneficiaries who benefit financially from it according to the terms set by the grantor (you, the person who creates the trust).

There are two primary types of trusts, irrevocable, with permanent terms, and revocable, which a living trust is. Irrevocable trusts effectively give up all your control over the assets. It offers more protection than a revocable trust but is not as flexible. Living trusts, on the other hand, can be constructed to allow you to make changes to the trust (with certain limits) while you’re still alive. You can also set limits on how the beneficiaries can spend the trust, which can be beneficial if you have a minor child or spendthrift relative you want to provide for.

Incorporating A Living Trust Into Your Estate Plan

The legal team at Morton Law Firm takes a considered approach to estate planning, including establishing a living trust. We get to know you, your goals, and the people you have to provide for, then present options for you to meet your obligations. This includes explaining the drawbacks and consequences of certain estate planning actions so you’re aware of any risks. We can draft a living trust for you according to Florida law and ensure that the purpose and terms of the trust are clearly stated. We can also provide trust administration services if you don’t have someone in mind to handle the fiduciary responsibilities.