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Category: Trusts

How to Contest a Trust

Dec 28, 2018 - Trusts by

A trust is legal tool commonly used to determine how a person’s assets will be distributed when he or she dies. Unlike a will, a trust transfers the person’s assets before death. That means the assets can be distributed after death without first going through the often cumbersome probate process. Like a will, there are a number of grounds on which a person can contest the validity of trust. That usually means filing a lawsuit against the trustee who administered the estate, those who obtained assets from the trust and anyone involved in the creation of the trust. If you’re […]

Living Trusts: The Basics

Sep 28, 2018 - Trusts by

In Florida, a living trust works like this: You sign an agreement transferring your assets to a trustee. The person who owns the assets can also serve as the trustee. In many cases, the person creating the trust designates a bank or other independent professional to serve as trustee. That allows the trustee to manage the trust and pay expenses in the event that you become incapacitated. The arrangement can be crafted to allow you to access assets and withdraw money at any time. It can also be made revocable. The trust agreement explains how the assets should be distributed […]

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