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What Beneficiaries Should Know About Trust Administration Trust administration refers to the legal and financial process of managing and distributing a trust’s assets after the person who created the trust—known as the settlor or grantor—passes away. The trustee takes the lead role in carrying out the terms of the trust, but the beneficiaries also play an important part in how everything unfolds. […]

Distribution of Trust Assets to Beneficiaries in Florida A person who has assets may want to preserve and protect them for various reasons. They can establish one of a number of types of trusts to accomplish this purpose. The trustee will manage these assets, and they will be responsible for administering the trust. One key milestone in a trust is when the trustee […]

Florida Trust Requirements When protecting your family’s future and managing your assets, creating a trust in Florida requires careful planning and proper legal documentation. If you’re considering setting up a trust, speaking with a Florida estate planning lawyer can help ensure your trust is properly established and meets all state requirements. Let’s explore what you need to know […]

What Is the Difference Between Revocable and Irrevocable Trusts? A trust is a legal instrument that enables a third party—called a trustee—to hold and direct assets placed in that trust, such as money, investments, or property. Trusts ensure a smooth and expedited transfer of assets to beneficiaries upon the death of the creator of the trust, known as the settlor, trustor, or grantor. Trusts […]

Why a Real Estate Investment Trust Is Used – Lulich & Attorneys A real estate investment trust has many estate planning and investment benefits. Board Certified Florida Real Estate Lawyers can explain when real estate trusts should be considered, the advantages, and the disadvantages. According to Investopedia.com, Congress created real estate investment trusts (REITs) in 1960. A REIT allows investors to share the investment in commercial real […]

Living Trust vs Probate: Pros and Cons Estate planning for seniors, for parents who have children with special needs, and for anyone else includes considering the possibility of using a living trust. A living trust is something that is formed while the person who is distributing his/her assets is still alive. An irrevocable living trust means that changes to the trust cannot […]

What is a Trust and The Different Types of Trusts – Lulich & Attorneys Many individuals considering their estate plan ask what is a trust? And how is it different from a will?. However, the right answer to this depends upon your needs and your specific situation. If not properly planned, the state potentially can choose the distribution of your assets. What Is A Trust?  A trust is a […]

How to Create a Pet Trust You can create a pet trust by choosing a trustee, selecting a pet caretaker, providing some information about your pet, and explaining how the caretaker should care for your pet. An attorney can help you set up your pet trust. For many people, pets are more than animals— they’re family members. Given this, it’s clear […]