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What Is a Generation-Skipping Trust? – Lulich & Attorneys

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What Is a Generation-Skipping Trust? – Lulich & Attorneys A generation-skipping trust is used to help save on federal estate taxes. It is an estate planning tool. It is generally used when your children are in reasonably good financial shape. A generation-skipping trust can also be used to help provide income for your children such as for the cost of college, graduate school, weddings, […]

Why a Real Estate Investment Trust Is Used – Lulich & Attorneys

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Why a Real Estate Investment Trust Is Used – Lulich & Attorneys A real estate investment trust has many estate planning and investment benefits. Experienced 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 estate […]

Living Trust or Probate – Pros and Cons – Lulich & Attorneys

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Living Trust or Probate – Pros and Cons – Lulich & Attorneys 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

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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 […]

Pros and Cons of a Florida Pet Trust – Lulich & Attorneys

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Pros and Cons of a Florida Pet Trust – Lulich & Attorneys Hundreds of thousands of people love their dogs, cats, birds, and other pets. Some may even love them as much as their spouse or children. When contemplating death, the natural tendency is to focus on human beings. But pets need to be cared for when you die. They need someone to feed them. They may […]