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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. 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 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 […]