Florida Trust Law Information part 1

1. What is a Florida revocable trust?

A Florida Revocable Trust is a trust that is prepared by a Florida Grantor or sometimes know as a Settlor who is domiciled in Florida and the trust can be altered, amended or revoked. A revocable trust may also be known as a Florida living trust or a revocable living trust. Prepared by a Florida grantor or settlor the person making the trust for their property they would be known as a Florida living trust or a Florida Revocable living trust.

A Revocable Trust is a technique a that can be used for administration of assets both during the grantor’s lifetime and after death.