Advantages of Florida Trusts

The trust does not need to be immediately distributed upon death

Someone may have a child who is just 21 years of age when they pass on but instead of receiving all the property at that time and potentially squandering the money due to youth and inexperience it may be put into a trust to delay the distributions to specified ages such as 1/3 at 25 1/3 at 30 and the remainder at 35 or some other appropriate ages that the grantor determines.

Continuity of Management During Disability

Creating a Florida revocable trust is probably the best way to ensure that your property remains available to be used for your benefit, should you become physically or mentally incapable of managing your own affairs.

Avoiding Florida Probate

Because Florida probate can be costly and time-consuming, the avoidance of probate in Florida is often cited as one of the primary benefits of a revocable trust. Depending on the assets that are funded in the Florida Trust may determine how great a benefit avoiding probate may be. If you own real estate in more than one state such as in Florida, California and Pennsylvania you can avoid multiple probate proceedings.

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